Mihai_Iacob

EurUsd could resume its up trend

Long
FX:EURUSD   Euro / U.S. Dollar
In the past two weeks, EUR/USD has been very choppy.
In fact, the pair has remained relatively unchanged in terms of price since the beginning of the year.
Upon examining the chart, we notice that although the pair has reached new lows, these were very close to each other and were quickly reversed.
This type of price action typically suggests a medium-term reversal, which could indeed be the case for EUR/USD. Confirmation of an upside reversal would occur if the pair stabilizes above the 1.09 zone.
In such an instance, reaching the 1.12 zone could be feasible in Q1.

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