The euro dollar pair rose, based on the dollar’s negativity, which was evident in the strong decline of the dollar against the rest of the currencies, and this was exemplified by the decline in the dollar index to 90.83.
Therefore, the pair is expected to complete the rise as long as it moves above the price of 1.2025 (Fibo 0.5), which represents the area in which the direction of the pair has already changed, as the pair spent the entire last week closing above it.
The pair is expected to reach levels of 1.2120 and 1.2160, in the event that it closes above the level of 1.2100.
Therefore, the pair is expected to complete the rise as long as it moves above the price of 1.2025 (Fibo 0.5), which represents the area in which the direction of the pair has already changed, as the pair spent the entire last week closing above it.
The pair is expected to reach levels of 1.2120 and 1.2160, in the event that it closes above the level of 1.2100.