#EURUSD 07 04 2021
#EURUSD the price of this pair develops in waves.
Growth waves (usually 2-3) and falling waves alternate.
As you can see on the Chart:
- in 1995 and 1998, two global waves of decline developed.
- from 2002 to 2008 - growth.
- from 2008 to 2015, the price was falling (with corrections, of course).
- and since 2016 it has started a new wave of growth.
Now the price is forming the growth of the second wave, which began to develop in April 2020.
I expect the price to complete the rally in the wave before it starts falling.
Long-term target for EURUSD 1.284.
#EURUSD the price of this pair develops in waves.
Growth waves (usually 2-3) and falling waves alternate.
As you can see on the Chart:
- in 1995 and 1998, two global waves of decline developed.
- from 2002 to 2008 - growth.
- from 2008 to 2015, the price was falling (with corrections, of course).
- and since 2016 it has started a new wave of growth.
Now the price is forming the growth of the second wave, which began to develop in April 2020.
I expect the price to complete the rally in the wave before it starts falling.
Long-term target for EURUSD 1.284.