Euro / U.S. DollarShort
Medium-term outlook EURUSD
According to my analysis from last Friday, I expect EURUSD to run up in the short term.
I see the recent highs as the ultimate target for long positions in the short term.
This analysis represents a medium-term outlook and assumes that the EURUSD price will not significantly exceed the range of the recent highs.
Unless the highs are sustainably surpassed, a significant correction to the area just above 1.07 is to be expected.
A short setup would have an RRR of around 6:1.
I see the recent highs as the ultimate target for long positions in the short term.
This analysis represents a medium-term outlook and assumes that the EURUSD price will not significantly exceed the range of the recent highs.
Unless the highs are sustainably surpassed, a significant correction to the area just above 1.07 is to be expected.
A short setup would have an RRR of around 6:1.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.