EurUsd could rise to 1.08
Since the end of September last year, EurUsd has started to rise and managed to recover more than 1000 pips from its 2022 losses.
Although in long term I believe that the bearish trend will resume, in the short term more gains could happen.
In the second half of December EurUsd consolidated in a range with a break above the upper boundary of this range on the final trading day of the year.
Considering the short term trend is still up we can see a continuation and the pair could reach the very important 1.08 zone.
However, keep in mind that nothing changed from a fundamental perspective and we are, in fact, at the end of this correction and EurUsd could resume its fall very abruptly.
Although in long term I believe that the bearish trend will resume, in the short term more gains could happen.
In the second half of December EurUsd consolidated in a range with a break above the upper boundary of this range on the final trading day of the year.
Considering the short term trend is still up we can see a continuation and the pair could reach the very important 1.08 zone.
However, keep in mind that nothing changed from a fundamental perspective and we are, in fact, at the end of this correction and EurUsd could resume its fall very abruptly.
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t.me/FanCryptocurrency
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