EurUsd could rise to 1.08

٣ يناير ٢٠٢٣

Since the end of September last year, EurUsd has started to rise and managed to recover more than 1000 pips from its 2022 losses.
Although in long term I believe that the bearish trend will resume, in the short term more gains could happen.
In the second half of December EurUsd consolidated in a range with a break above the upper boundary of this range on the final trading day of the year.
Considering the short term trend is still up we can see a continuation and the pair could reach the very important 1.08 zone.
However, keep in mind that nothing changed from a fundamental perspective and we are, in fact, at the end of this correction and EurUsd could resume its fall very abruptly.