EUR/USD - new trend begins
EUR/USD - Significant monthly Trendline has been violated by a strong Bullish move, closed above the trendline last month. I anticipate greater move higher up (supported by RSI above level 50) to at least 1.40, if the Bullish trend keeps going it could go up to 1.60, back to the price during previous recession in 2008. However, according to Kondratieff's Cycle, EUR/USD might climb up to 1.80 as back in previous cycle crest in 1970
Disclaimer
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.
Disclaimer
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.