The downside flag on the EURUSD currency
Given the divergence between the European Central Bank and the US Federal Reserve, the euro is likely to experience lower prices against the dollar.
Despite the disappointing NFP figure, analysts believe that the Federal Reserve will continue to tighten market conditions this year. This will be achieved by ending quantitative easing policies and then raising interest rates. Analysts at banks such as Barclays believe that the Federal Reserve will increase in March this year.
Forecast for EURUSD
According to the daily chart, we see that the EUR / USD pair has been in a volatile range over the past few months. As a result, the pair has moved between the 25-day and 50-day exponential moving averages. A closer look shows that the chart forms a descending flag pattern. The price is currently slightly lower than the top of the flag pattern.
Therefore, it is likely that the pair will decline in the coming days as investors predict a divergence between the Federal Reserve and the European Central Bank.
The information of the Ziwox terminal is in the same direction.
-Link
The fundamental direction of this pair is declining
Analysts and financial institutions forecast a 67% decline.
Their retailers are more focused on buying this asset, which further reinforces this downward scenario.
This pattern of the flag is confirmed by breaking area 1.12637.
Be successful and profitable.
Given the divergence between the European Central Bank and the US Federal Reserve, the euro is likely to experience lower prices against the dollar.
Despite the disappointing NFP figure, analysts believe that the Federal Reserve will continue to tighten market conditions this year. This will be achieved by ending quantitative easing policies and then raising interest rates. Analysts at banks such as Barclays believe that the Federal Reserve will increase in March this year.
Forecast for EURUSD
According to the daily chart, we see that the EUR / USD pair has been in a volatile range over the past few months. As a result, the pair has moved between the 25-day and 50-day exponential moving averages. A closer look shows that the chart forms a descending flag pattern. The price is currently slightly lower than the top of the flag pattern.
Therefore, it is likely that the pair will decline in the coming days as investors predict a divergence between the Federal Reserve and the European Central Bank.
The information of the Ziwox terminal is in the same direction.
-Link
The fundamental direction of this pair is declining
Analysts and financial institutions forecast a 67% decline.
Their retailers are more focused on buying this asset, which further reinforces this downward scenario.
This pattern of the flag is confirmed by breaking area 1.12637.
Be successful and profitable.