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FrancescoMerlettini
Nov 18, 2021 9:08 AM

EUR/USD - Long and short term view. 12 years downtrend reversed! Long

Euro Fx/U.S. DollarFXCM

Description

Hi All, my main 3 take-outs from this analysis are the following:

1- 12-years downtrend possibly being reversed, long term target 1.5

2- EUR/USD approaching key 1.13 level, where long term point of control is.

3- 1.13 level is also the 0.618 fibnacci level of the most recent uptrend (from March 20 to January 21

Not a financial advice, just personal opinion. Do your own due diligence and good luck!
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