Forecast For EUR/USD: Breaking the Uptrend

    Forecast For EUR/USD: Breaking the Uptrend The euro fell to break a short-term bullish line during Tuesday's trading session. Despite everything, it is worth noting that the market recovered a lot later in the day.  

• If the bottom of the downtrend were to break on the slope, then an attempt could be made to go down to 1,06, possibly even 1,04. This would be a fulfillment of the measured movement of the rising wedge.
• A break below 1,04 opens the possibility of a move down to 1,02 followed by the pair.

 

Forecast For EUR/USD: Breaking the Uptrend

 

• Investors think that the European Central Bank should be a little more aggressive in its monetary policy due to inflation in the continent. It is known that Europeans also have a growth problem.
• It is assumed that the sellers will continue to return to the old, as it is in a downtrend.
• Therefore, once above 1,09, a move can be made to reach the 200-Day EMA, which is currently roughly 1,1140.

   

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