Greetings, fellow traders! What are your predictions for the EURUSD trend in the coming period?
Currently, EURUSD has paused its trading activities, settling at a level of 1.081. Last week was notably favorable for the bulls, with the price consistently supported and ascending from a newly established support level at 1.070.
This upward movement is attributed to an improved risk sentiment, making it challenging for the USD to regain its strength. This scenario has laid the groundwork and momentum for EURUSD. Kevin anticipates this currency pair will continue its upward trajectory towards the 1.091 mark, as suggested by Fibonacci analysis, indicating a corrective phase following a retracement after the initial wave.
What about you? How do you perceive the upcoming trend for EURUSD?
Currently, EURUSD has paused its trading activities, settling at a level of 1.081. Last week was notably favorable for the bulls, with the price consistently supported and ascending from a newly established support level at 1.070.
This upward movement is attributed to an improved risk sentiment, making it challenging for the USD to regain its strength. This scenario has laid the groundwork and momentum for EURUSD. Kevin anticipates this currency pair will continue its upward trajectory towards the 1.091 mark, as suggested by Fibonacci analysis, indicating a corrective phase following a retracement after the initial wave.
What about you? How do you perceive the upcoming trend for EURUSD?
