Pashabxl

EURUSD: The upside correction may continue till 1.12

FX_IDC:EURUSD   Euro/U.S. Dollar
109 0 2
The pair is still on the upside correction. on a 1D chart, there is yet no sign of reversal i.e on the big picture the long term trend of EURUSD             remain towards 1 and bellow.
However, for the short term, EURUSD             is on an upward path towards 1.12 and to be precise 1.116 before ECB makes its "natural" intervetion i.e QE .
We arrived at the initial 1.10 target or about to arrive. From there on, the pair may face a little gentle downside correction before going up until 1.12 or continue directly on 1.12 Let's wait the opening of the US market and datas from US before confirming the path
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