Will the EUR/USD price surge in the near future?

أول أمسHello everyone, I’m Alisa. Today, let’s predict the movement of the EUR/USD price.

Although last Thursday, the U.S. Department of Labor showed positive signs with a decrease in jobless claims, the USD continued to decline after the Fed meeting on September 19th. This has impacted and allowed EUR/USD to rise higher.

Looking at the chart, we can see that the price within the price channel is trending upward. However, I believe it could still make a downward correction. But this is nothing to worry about, as with the support level at 1.111, we can expect the price to reverse and rise again.

What about you? What do you think?