BULLRUN FOR EURO 2024
📣 Hello everyone!
I believe that the former bull market of the EURUSD currency pair will last until the end of 2024, probably the top will be formed in the first quarter of 2025.
TA:
After a long consolidation, the “Diamond” is broken upward; in rare cases, when it breaks upward, this bearish pattern can act as a trend continuation figure.
Fundamentally:
The Fed will move to lower interest rates in September, we will probably see 2-3 cuts at subsequent FOMC meetings, which will put bearish pressure on the US dollar (DXY) and will be a tailwind for the EURUSD currency pair
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🎯 Intermediate target 1.18$, final target 1.22
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⚠️ That's all for today, I wish you good luck in making independent trading decisions and profit. Please analyze the information received from me, always think only with your own head!
Goodbye! ✊
I believe that the former bull market of the EURUSD currency pair will last until the end of 2024, probably the top will be formed in the first quarter of 2025.
TA:
After a long consolidation, the “Diamond” is broken upward; in rare cases, when it breaks upward, this bearish pattern can act as a trend continuation figure.
Fundamentally:
The Fed will move to lower interest rates in September, we will probably see 2-3 cuts at subsequent FOMC meetings, which will put bearish pressure on the US dollar (DXY) and will be a tailwind for the EURUSD currency pair
______________________________________________________
🎯 Intermediate target 1.18$, final target 1.22
______________________________________________________
⚠️ That's all for today, I wish you good luck in making independent trading decisions and profit. Please analyze the information received from me, always think only with your own head!
Goodbye! ✊
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