As I have said more than once, the price in this pair moves in waves. Usually 2-3 growth waves alternate. Then correction. And 2-3 fall waves. On the monthly chart, you can see that the price is following this movement globally (since 1993). So locally (movements within the main trends are highlighted in blue). Since 2017, the price has been forming two growth waves. The first is from 2015 to 2018. Then, until 2020, the price fell. And in February 2020, a new growth began in which it is now. I expect the price to complete the formation of the second wave of growth in the area of the resistance line. The target is 1.279.
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Thanks for your hard work friend! I'm glad to see that your long-term analysis continues to come true. However, what about shorter movements coming soon? I expect the price to roll back to support as a correction, what do you think?
Lingrid
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There will be a drop because Europe is facing a double recession, continues to sit in a lockdown, and the proportion of the EU population receiving at least one COV vaccine is 25.1% compared to 63.2% in the US.
on monday, eurusd showed very confident growth from a 50-day average, which acts as strong confirmation signal of bovine moods. this week will be growing for price.
Solldy
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I haven't chosen a direction for EURUSD yet! I'm not that good at it! I looked at a lot of analysts and concluded that the price will fall, but I cannot confirm why! I really like your work, thank you!