EUR/USD Outlook


Let’s take a look at the EUR/USD chart.

We saw what seemed to be a Contracting Triangle and we’re currently below the bottom trend line.

We may potentially see one more push up, however, it looks like we may start seeing a potential down trend. If we see a push up, look for it to test the lower trend line (which will now act as resistance). Once the downward trend starts unfolding, look for a potential longer term price target of 1.300 and below.

Good luck with trading.