It seems to me there is a clear cup and handle pattern , also the weakness in the USD in the coming period along side the higher expected inflation will give a strong rise to the safe haven
EUR Looks strong both fundamental and technical looking forward to reach 1.2650 by mid 2021
Oct 21, 2020 Our preference Short positions below 3.4150 with targets at 1.3750 & 1.3550 in extension. Alternative scenario above 3.4250 look for further rie with 3.4655 & 3.5100 as targets. Comment The RSI close to neutrality area at 44%.
Oct 21,2020 Our preference Long positions above 1910.00 with targets at 1941 & 1951 in extension. Alternative scenario Below 1900 look for further downside with 1882.78as targets. Comment The RSI is above its neutrality area at 61%.
Bearish cypher Short positions below 1.2735 with targets at 1.2490 & 1.2380. Alternative scenario Above 1.2770 look for further extension with 1.2810 & 1.3005 as targets. Comment The RSI is in neutrality area at 57%.
Our preference Long positions above 1.1452.00 with targets at 1.1870 & 1.1946 in extension. Alternative scenario Below 1.1406 look for further downside with 1.1275 & 1.1170 as targets. Comment The RSI is above its neutrality area at 71%.
Our preference Long positions above 10985.00 with targets at 11,500.00 & 11,300.00 in extension. Alternative scenario Below 10,790.00 look for further downside with 10640 & 10,460.00 as targets. Comment The RSI is above its neutrality area at 63%.