OptimoomFX

EurUsd- Can it reach 1.25 till New Year? IMO, Yes!

Long
OANDA:EURUSD   Euro / U.S. Dollar
The long term trend for EurUsd is clearly bullish and, regardless of EU Zone problems, every drop in the pair was considered a good opportunity for buying by the bulls.
Now the price is trading above 1.19 and, taking into consideration the long consolidation between 1.17 and 1.19 (excepting the spikes up and down) a clear break to the upside would surely accelerate gains fo the single currency.
With DXY under 92 important support, I believe this will be the case and we can see EurUsd at 1.25 till year's end.
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Comments

Same here! Well done:)
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2500 is a tall order. 2000 heavy resistance.
if EURUSD bulls manage to crack 2000 resistance
then yes, 2500 is a logical target. good luck!
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OptimoomFX ProjectSyndicate
@ProjectSyndicate, this long acumulation under this resistance and USD very weak makes me believe this. We are speakig of 3% in the end, so...
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