EUR USD long term forecast

2020-03-04 15:00:05

Longterm analysis on EUR - USD pier - Due to FED desicion yeasterday USD has lost its dominating position against major currencies. from 1.0884 up to 1.2000, but its is just a bigining. Here is weekly chart and you can find 3 most important resistance levels of 2019 traget 1 (1.1243), target 2 (1.14.6) and target 3 (1.1569). If ECB will not change its policy until the and of the year as was planned, USD will cross all this targets during 2020. Now we need to monitor ECB's decision carefully.