I think the euro has reached a price floor. And by reaching the range of 1.1550, it has gathered the potential of an uptrend. Inflation in the euro area also reached 3.4 percent, and a comparison of GDP figures shows that the GDP growth of the euro area was higher than the dollar. In terms of technical analysis, prices have fallen below the weekly Ichimoku cloud....
Hi everyone I still think the EURUSD is bullish. Because the previous uptrend from 2020/11/04 to /2021/01/06 lasted 43 candlesticks and approximately 43 candlesticks have been modified. This means that the divergence of time has occurred. And buyers still dominate the market. I expect the price to rise to the range of 1.2070. Follow me and share your comments with me.
Hello traders The 1.2200 range is my second target in this uptrend. Because it is resistant to the level of 61.8 of the previous wave and the Como cloud. I expect to climb 140 pips. Follow me and share your comments with me.