Hello guys! As you seen, EUR/USD created nice bullish trend from starting 0.95400 price level. It already gained many positive pips and continues to grow. But, I think that there is a strong barrier here. This barrier is situated at 1.07820 level which is strong point. So, what may be in next weeks?
In my opinion, EUR/USD will grow up until 1.07500. Why? Because, upper from this price is coming 1.07820 level which I noted as barrier. If EUR/USD can break it and will strenghten above 1.07900 then we can see the next targets:
Firstly, 1.09830 Secondly, 1.11500
This is a longway and we can see retracements here. However, this pair is beloved pair of Forex traders and their interest to it can push EUR/USD up.
If price will remain under 1.07800 then we can see middle-term flat situation which can take some next. Pair will attempt break it but strong barrier will hinder it. This is just my opinion. I have forecasts related to downside movements also.
Firstly, 1.04330 Secondly, 1.02100
Note: it is good to stay ajar in the period of Christmas. Good luck.