Amazing descending formation for EUR/USD on the Daily Chart! As you can see, EUR/USD broke this falling wedge and now is heading towards new highs as the DXY is showing too much weakness. For now, I expect EUR/USD to retest the 1.18000 psychological level which is also the 50% Fibonacci Retracement level before continuing its way up towards (1.19523), (1.20283), (1.21043), and (1.22126) as long-term targets.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.