kwaziphungula
Long

EURUSD : Long term Forecast for 2016 - 2017

FX:EURUSD   Euro Fx/U.S. Dollar
I am not a long term trader however it is often good to know the prevailing market bias so that we don't make huge short term projections against the prevailing market bias. When you take a short position in 2016 it would be a good thing to be conservative with your targets as the EURUSD             is going up. Once the 1.1059 break happens I see an area of resistance at 1.1616 - 1.1760 and also at 1.1901 - 1.2098 , so I do advise you look out for these areas as they may offer temporal reversals before the market goes for 1.2300
johan.verm
a year ago
Very good analyse...
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