EUR/USD Technical Analysis (Monthly Basis)
The pair has been moving on the Fibonacci channels that it has created for a long time, and has touched a Fibonacci 0 channel again from last May.
From here on, we can obviously expect an uptrend. However, it must first break the falling trend line. If prices break this trend, we can see 1.24 first and then 1.36 levels.
However, if the falling trend line is not broken, prices may move towards the Fibonacci 0 channel again, in which case prices may retreat to 1.08 levels.
It contains only personal views and opinions. Does not contain legal investment advice ...
From here on, we can obviously expect an uptrend. However, it must first break the falling trend line. If prices break this trend, we can see 1.24 first and then 1.36 levels.
However, if the falling trend line is not broken, prices may move towards the Fibonacci 0 channel again, in which case prices may retreat to 1.08 levels.
It contains only personal views and opinions. Does not contain legal investment advice ...
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