The pair is still on the upside correction. on a 1D chart, there is yet no sign of reversal i.e on the big picture the long term trend of EURUSD remain towards 1 and bellow.
However, for the short term, EURUSD is on an upward path towards 1.12 and to be precise 1.116 before ECB makes its "natural" intervetion i.e QE.
We arrived at the initial 1.10 target or about to arrive. From there on, the pair may face a little gentle downside correction before going up until 1.12 or continue directly on 1.12 Let's wait the opening of the US market and datas from US before confirming the path
However, for the short term, EURUSD is on an upward path towards 1.12 and to be precise 1.116 before ECB makes its "natural" intervetion i.e QE.
We arrived at the initial 1.10 target or about to arrive. From there on, the pair may face a little gentle downside correction before going up until 1.12 or continue directly on 1.12 Let's wait the opening of the US market and datas from US before confirming the path
