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Mihai_Iacob
Jan 26, 2022 9:24 AM

EurUsd is about to fall hard (medium term outlook) Short

Euro Fx/U.S. DollarFXCM

Description

EurUsd is trading in a range for 2 months now, as if the pair is waiting for a trigger to make a move, if this will be FED tonight remains to be seen...
One thing is clear though, after such a long consolidation the move will be very strong and considering the fact, eurusd "tried" to the upside and failed, is probable that the move will be to the downside, and let's not forget the trend is in USD's favor and also the fundamentals.
That being said, I expect a fall for EurUsd, 1.1190 can be short term traders target but swing traders can focus on 1.08 support
Comments
jojofang0901
agree with the further downside and strength in the USD ?
AnonimFXRO
Great post bro, thats my view.
Mihai_Iacob
@AnonimFXRO, thanks for posting your chart
Solldy
Seems logical.
Mihai_Iacob
@Solldy, Thanks for comm
ForexTrendline
Great analysis, thanks a lot!
UnitedSignals
I agree with your technical outlook!
JoeChampion
Bears are strong here!
TradingLamp
Thanks For Sharing Beautiful Work💡
VasilyTrader
Great charting style, thank you!
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