EUR/USD Euro Dollar exchange rate forecast - 1.1240 1.074 - Forex Trading Today
Is it better for us to buy the euro? I do not know the future. In my opinion, the euro is likely to drop more. In particular, it seems likely that EURUSD will plunge in the near future.
The resistance lines are 1.1240 and 1.1354. If EURUSD climbs, it would be better to find opportunities to sell at around 1.1240. Support lines are 1.074 and 1.052.
EURUSD is in a downward trend. No matter how good the European economy is, the euro will decline. We should not forget this point.
[Euro rate weekly chart, EUR/USD]
The resistance lines are 1.1240 and 1.1354. If EURUSD climbs, it would be better to find opportunities to sell at around 1.1240. Support lines are 1.074 and 1.052.
EURUSD is in a downward trend. No matter how good the European economy is, the euro will decline. We should not forget this point.