EurUsd to 1.4 (long term view)
There is no question that Usd is weak, the idea is that it can become even weaker in the future and this can translate into a 1.4 EurUsd.
If we look at a weekly chart we can see that the pair has broken above long term descending trendline and since then, EurUsd's evolution was very constructive.
At this moment EurUsd is flirting with the recent high and a former resistance in the 1.23 zone and seems we will have a break here in the second part of the year if not even sooner.
Long-term traders can have a good opportunity at this moment to build up positions and a 2k pips target is a reasonable one.
In the long run, only price back under 1.15 would negate this scenario.
If we look at a weekly chart we can see that the pair has broken above long term descending trendline and since then, EurUsd's evolution was very constructive.
At this moment EurUsd is flirting with the recent high and a former resistance in the 1.23 zone and seems we will have a break here in the second part of the year if not even sooner.
Long-term traders can have a good opportunity at this moment to build up positions and a 2k pips target is a reasonable one.
In the long run, only price back under 1.15 would negate this scenario.
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t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
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