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lordhavemercy1337
Jul 14, 2020 10:12 AM

eurusd longterm outlook Long

Euro Fx/U.S. DollarFXCM

Description

short term: bullish we just broke out of a bullflag: 1st target: 1.1722
midterm: neutral -> no decision yet
longterm: in my opinion there is a possibility the eur goes lower like in 1999/2000, still the market did not make a decision yet. if we are heading towards another finalcial crisis like in 2000 (tech-giant again are in bubble-terretory), this scenario is the most likely. -> needs further confirmations

Comment

target hit, but i do not sell yet. i think its definetly the wrong time to long the usd...
the bullish case for the eur seems likely imo -> further upside in 2020
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