EURUSD at critical level, a further push can take it to 1.3
I think, from a wider perspective, EURUSD will appreciate in the next term, at least technical measures show an uptrend.
From a closer look, 1.25 will be quite important. If we can see levels above, 1.30 will be next target. However, at 1-month frequency, negative divergence is getting significant.
On the other hand, if you compare the trend with 2002-period, we can say the bullish period can continue.
But I am sure the resistance (blue line) at the current level(s) will be significant.
From a closer look, 1.25 will be quite important. If we can see levels above, 1.30 will be next target. However, at 1-month frequency, negative divergence is getting significant.
On the other hand, if you compare the trend with 2002-period, we can say the bullish period can continue.
But I am sure the resistance (blue line) at the current level(s) will be significant.
Comment:
For the short run, we can expect a correction.
