EUR/USD: CHANGE OF TREND IN SIGHT ?
LONG TERM: After a 12 year retreat period,the pair seems ready for a creation of a new trend.After a correction period,the pair will possibly break upwards the long term trend line of 1.2050,aiming then 1.2550 and 1.3000.The pandemic, and the endless money print from the FED created inflationary pressures and dollar rate increase,therefore strengthening of the US currency.We are now facing the last of the devaluation of the euro with possible extreme targets of 0.95000 and 0.85000.
SHORT TERM:As correctly described in last analysis:”We can also now (1.0180) go short aiming 0.9600.Stop loss at 1.0180″.Target accomplished,profits of 5.80$ received.We can now (0.9548) go long aiming for a reaction towards 0.9900.Stop loss at 0.9450.
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