The Demand Zone I have set focuses on a short-term price target of about $1.09. USD strength may only go up to this point, by my estimates. As the EURO continues to adjust for inflation, the price will appreciate. A Broadening Tops chart pattern, a bearish reversal pattern, partly inspires my idea.
My analysis of the EURUSD exchange rate indicates a sustained bullish trajectory. Nevertheless, the strength of the US dollar continues to play a significant role in staving off economic downturns and recessions. Drawing from fundamental indicators in the global economy, we can anticipate a moderate pivot at two critical levels before achieving an elevated price...
