Cup and handle formation EUR/USD.
We are having a backtest and strong support zone on 1.15 zone.
Stoch RSI is at lowest point on the weekly chart.
We do also have a 50-200MA bull cross which will bring us to 1.32 levels (cup and handle target).
When the Covid-19 is over and people start spending, Money is going to flow and we will see high inflation.
Not only the Dollar but the Euro will also lose its value against real money (Gold/Silver) because of the money printing.
This is not an investment advice.
We are having a backtest and strong support zone on 1.15 zone.
Stoch RSI is at lowest point on the weekly chart.
We do also have a 50-200MA bull cross which will bring us to 1.32 levels (cup and handle target).
When the Covid-19 is over and people start spending, Money is going to flow and we will see high inflation.
Not only the Dollar but the Euro will also lose its value against real money (Gold/Silver) because of the money printing.
This is not an investment advice.