EURUSD (MN1) Long Term
Updated
I remind you that it is a Long Term analysis.
On 16 November 2021, an analysis was made on how EURUSD was short and would continue up to at least 1.00700, however we could see that it was below parity for some time.
Looking at this moment in the longer term, we can see that after testing the lower trend line of the channel it is making a retracement.
The possibility is to go up to 1.06360, but it may not pass 1.04500, the value reached on 24november 2022.
Next 2nd december we will have Payroll which could give a new trend to EURUSD.
The forecast is to go below parity and go up to 0.87700, the minimum value of February 2002.
On 16 November 2021, an analysis was made on how EURUSD was short and would continue up to at least 1.00700, however we could see that it was below parity for some time.
Looking at this moment in the longer term, we can see that after testing the lower trend line of the channel it is making a retracement.
The possibility is to go up to 1.06360, but it may not pass 1.04500, the value reached on 24november 2022.
Next 2nd december we will have Payroll which could give a new trend to EURUSD.
The forecast is to go below parity and go up to 0.87700, the minimum value of February 2002.
Trade active
After the retracement is expect short Trend
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