The fundamental and technical outlook for the EUR/USD currency pair is mixed. The US economy is performing better than the Eurozone economy, but the Fed is also predicted to raise interest rates more aggressively than the ECB. This could cause EUR/USD to weaken in the coming months.
Technical analysis
The price is in a minor correction uptrend, as marked in the chart. Don't get carried away by this and remember that the market is unpredictable, but for now I would mark this as LONG, for a short period of time. BUT! On the H4 chart and on the D1 chart, the EUR/USD currency pair is also trading in a downtrend.
Technical analysis
The price is in a minor correction uptrend, as marked in the chart. Don't get carried away by this and remember that the market is unpredictable, but for now I would mark this as LONG, for a short period of time. BUT! On the H4 chart and on the D1 chart, the EUR/USD currency pair is also trading in a downtrend.
