EUR/USD bullish uptrend forecast
Hello Traders,
My name is Kevin. This is my personal forecast on how EUR/USD might continue its direction.
From A technical Point of View:
If prices can show enough strength to retest and then finally not break though the resistance becoming support. An entry order might be considered valid. I expect price to continue growing till half May 2021. Where prices might become overbought on a bi-monthly basis.
If prices seem to show a fake breakout, a direct fall will force the EUR/USD to decline to the demand zone
From a fundamental point of view:
It might seem that EUROPE's economical reopening is nearer than ever since the outbreak of the Covid-19 Pandemic. Which might contribute to his increase in value.
Here below an image with a more detailed view on the chart analysis.
As always traders, think well before investing/trading. Take care of yourself and your families.
Like if you enjoy the idea, follow to get in touch as soon as I publish my ideas. And if you have any questions/ideas don't hesitate to send me a message.
Kevin C. Best
My name is Kevin. This is my personal forecast on how EUR/USD might continue its direction.
From A technical Point of View:
If prices can show enough strength to retest and then finally not break though the resistance becoming support. An entry order might be considered valid. I expect price to continue growing till half May 2021. Where prices might become overbought on a bi-monthly basis.
If prices seem to show a fake breakout, a direct fall will force the EUR/USD to decline to the demand zone
From a fundamental point of view:
It might seem that EUROPE's economical reopening is nearer than ever since the outbreak of the Covid-19 Pandemic. Which might contribute to his increase in value.
Here below an image with a more detailed view on the chart analysis.
As always traders, think well before investing/trading. Take care of yourself and your families.
Like if you enjoy the idea, follow to get in touch as soon as I publish my ideas. And if you have any questions/ideas don't hesitate to send me a message.
Kevin C. Best
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