EUR/USD Technical and Fundamental forecast.
As you may know, the elections are ramping up to speed and are approaching fast. With the addition of this COVID pandemic, we may see a weakening dollar (or stronger). Based of technicals alone, we see that a new channel has formed on the H4 timeframe. This indicates a possible bullish retracement to the upside (or if it obeys pure S/D, we may potentially see a continued bearish environment.
As you may know, the elections are ramping up to speed and are approaching fast. With the addition of this COVID pandemic, we may see a weakening dollar (or stronger). Based of technicals alone, we see that a new channel has formed on the H4 timeframe. This indicates a possible bullish retracement to the upside (or if it obeys pure S/D, we may potentially see a continued bearish environment.
Trade closed: target reached