RECAP
In our last report (15-Nov-22, EURUSD @ 1.0406), we had expected Euro to hold below resistance at 1.06 for a few months before an eventual break on the upside to target 1.08/10 or even higher in the longer run.
However, the resistance at 1.06 has been broken and Euro could be headed higher towards 1.08/10 boosted by lower US inflation data over the last 2-months.
EXECUTIVE SUMMARY
Euro has resistance near 1.08 and higher near 1.10 which can be tested in the coming months followed by a corrective dip to 1.05 in the medium term. Overall view is bullish for Euro in 2023.
To know more visit https://kshitij.com/eurusd-forecast
In our last report (15-Nov-22, EURUSD @ 1.0406), we had expected Euro to hold below resistance at 1.06 for a few months before an eventual break on the upside to target 1.08/10 or even higher in the longer run.
However, the resistance at 1.06 has been broken and Euro could be headed higher towards 1.08/10 boosted by lower US inflation data over the last 2-months.
EXECUTIVE SUMMARY
Euro has resistance near 1.08 and higher near 1.10 which can be tested in the coming months followed by a corrective dip to 1.05 in the medium term. Overall view is bullish for Euro in 2023.
To know more visit https://kshitij.com/eurusd-forecast