EUR/USD: Various factors that will drag it closer to parity
Hello, everyone!
Global view on EUR/USD. It will sink to 1.10 and here is why:
1) Fed meeting results will make dollar king again
2) Daily Double-top formation is not finished yet
3) Bearish flag breakout
4) Same pattern after Fed meeting at November. Consolidation before the meeting, retest of a trendline and breakout after.
EUR/USD is very sensible to round numbers, so first target is 1.11 and after its breakout we can see Double-top target reached.
The trade is mediun-term, so I reccomend to put SL above the trendline.
Global view on EUR/USD. It will sink to 1.10 and here is why:
1) Fed meeting results will make dollar king again
2) Daily Double-top formation is not finished yet
3) Bearish flag breakout
4) Same pattern after Fed meeting at November. Consolidation before the meeting, retest of a trendline and breakout after.
EUR/USD is very sensible to round numbers, so first target is 1.11 and after its breakout we can see Double-top target reached.
The trade is mediun-term, so I reccomend to put SL above the trendline.