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ICE-Forex
Mar 31, 2022 9:16 PM

EUR/USD-Technical/Fundamental  Long

Euro Fx/U.S. DollarFXCM

Description

According to Technical Analysis;
Eur/Usd selling pressure continues. Next month's price closing received reaction from the important price lower train line.
When we look at the chart, a 5-wave wedge movement is seen. I expect the price to react from the 4th region and touch the 5th upper resistance line.
According to Fundamental Analysis;
Interest rates in the US are rising faster than in the euro area.
In the coming period, the FED will narrow its balance sheet. However, the Ukraine-Russia war poses a risk on the EURO region.
Comments
Faraz_kuchulu
Now what's your oponion??
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