RLinda ! EURUSD-> fall inside the range. Target 1.0612

6 mar 2023

EURUSD The currency pair is being squeezed into a triangle and in fact the price is in a range in which neutrality and consolidation reigns. What should we expect in the near future?

Since we have a downtrend and in this situation the price is headed, within the range, to the resistance area, in such a situation the priority is for the price to fall from the area of 1.0669, but we should watch the price reaction to the level, since there are strong fundamental factors in the market that can send the dollar down.

I expect that while the price will be in this range, the price will trade from its borders. In the near future I expect the price to fall from 1.0669 towards 1.0612

Regards R. Linda!