$EURUSD | Strong Rally Will Begin in 2019 | Range Bound
Updated
Hello Traders,
EURUSD created a new top in early 2018 and has since declined. For the coming year, expect price to rally from the current support level and test the previous resistance at TG 2. Whether we see new highs remains to be seen. As of right now though, expect a rally to a minimum of TG 1.
The long term analysis still stands in the related link below. Although it is not following the path highlighted on the chart the support and resistance levels will have their say in the coming months/years.
EURUSD created a new top in early 2018 and has since declined. For the coming year, expect price to rally from the current support level and test the previous resistance at TG 2. Whether we see new highs remains to be seen. As of right now though, expect a rally to a minimum of TG 1.
The long term analysis still stands in the related link below. Although it is not following the path highlighted on the chart the support and resistance levels will have their say in the coming months/years.
Comment
Support still holding. TG1 still in sight.
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