OptimoomFX

EurUsd to 1.4 (long term view)

Long
FX:EURUSD   Euro / U.S. Dollar
There is no question that Usd is weak, the idea is that it can become even weaker in the future and this can translate into a 1.4 EurUsd .
If we look at a weekly chart we can see that the pair has broken above long term descending trendline and since then, EurUsd's evolution was very constructive.
At this moment EurUsd is flirting with the recent high and a former resistance in the 1.23 zone and seems we will have a break here in the second part of the year if not even sooner.
Long-term traders can have a good opportunity at this moment to build up positions and a 2k pips target is a reasonable one.
In the long run, only price back under 1.15 would negate this scenario.


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Comments

Good idea
+3 Reply
OptimoomFX Serana2324
@Serana2324, thanks for comm
Reply
Thanks.
+1 Reply
gwenemily55 success20202025
Reply
Great
+1 Reply
OptimoomFX Rossie19
@Rossie19, thanks for comm
Reply
Great idea!
+1 Reply
OptimoomFX VasilyTrader
@VasilyTrader, thanks for comm
Reply
Thanks For Sharing Beautiful Technical Analysis 😍🙏
+1 Reply
OptimoomFX TRADiNG_hub
@TRADiNG_hub, thanks
Reply