EUR will gain back strength after recession, what do u guys think, don't miss this opportunity!!!
Price are expected to go down the lowest range around the 1.12600 range before it shoot backs up to resistance as expected in range 1.13600
Market is still in holiday mood, EUR has initially dipped a bit during the course of the week only to turn around and show signs of strength yet again.
Possibly to be bearish after the sudden climb of EUR to the weekly high, USD will dominate once again!
After the breakout on the chart patterns, forming a bearish pennant and it is expected that EUR will fall deep into extend for several days continuation with possible pullback locations.
USD strength is set to broaden out. Economists at Credit Suisse expect the EUR/USD pair to move downward to 1.1019/02 and potentially beyond by early next year. Sell now as the trend had switch to downside.
The Euro has rallied during the course of the week, but as you can see it is still very much in the same consolidation area it has been in for quite some time. Is it time for Euro to gain revenge? What do you think?
EUR had sank since Netherland went into lockdown on Sunday and Britain's health minister decline to rule out the chance of further restrictions before Christmas amid the rapid spread of Omicron Coronavirus variant. From the chart analysis, it can be seen that the price action is shrinking into the form of ascending triangle pattern which have their lows touching...