EURUSD
Not good looking.
It is very hard to predict price for currencies but in this moment EURUSD is not looking good.
Maybe, EUR could do some bounce to 1.15, but maybe (it is technically underestimated).
If EUR wants to grow up, then it needs big bounce above 1.2...I dont know if it is possible now.
Long term: more possibility that price of EURUSD will be 0,85 like in year 2000.
It will happen in next period....from now to 4 years....
Dont forget that FED at may 4 2022 has to decide about interest rate.
Forecast: 1%
Now: 0,5%
Not good looking.
It is very hard to predict price for currencies but in this moment EURUSD is not looking good.
Maybe, EUR could do some bounce to 1.15, but maybe (it is technically underestimated).
If EUR wants to grow up, then it needs big bounce above 1.2...I dont know if it is possible now.
Long term: more possibility that price of EURUSD will be 0,85 like in year 2000.
It will happen in next period....from now to 4 years....
Dont forget that FED at may 4 2022 has to decide about interest rate.
Forecast: 1%
Now: 0,5%