Forecast EUR/USD. A corrective decline is about to begin

Posted 24 May, 2022

The price, as expected, continued to grow and was able to set another local maximum. This is where the exploits of the euro are likely to end. The beginning of a corrective decline is expected with a potential movement of about a hundred points.

In this regard, the conclusion of new trading deals for the purchase does not seem justified. It is recommended to take a closer look at sales when the price passes the value of 1.0645. This will help protect against a situation in which the price decides to rise a little more.

Thus, the situation in the near future becomes bearish and it is recommended to consider just such a scenario.

 

Previous forecast

24 May, 2022 08:40

← Forecast GBP / USD. The dollar is pushing the pound again

For the pair under consideration, the situation is similar to that which we observe for the EUR/USD pair.

Forecast GBP / USD. The dollar is pushing the pound again

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