EURUSD Long-term Outlook

FX:EURUSD   Euro / U.S. Dollar
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Hey guys,

This is my long-term outlook for the EURUSD             pair. The green bar used to be the demand zone , but we can the price has broken through this area and we see this pair moving lower. The arrows indicate what I think would happen over the next few weeks.

Current Support : 1.070s ---- I'm thinking we might see some closings of short positions around this area and bounce back to about 1.0903s; However, if the price do not hold this level we could be looking at 1.050s.

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nice, have a similar idea.
+1 Reply
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