2019.11.01 EURUSD still in channel, but room for more upside
I think EURUSD will reverse between 1.120 - 1.133 and still be in the long term channel, whether using the green or red parallel lines.
Despite the recent bullishness of EUR and bearishness of USD the global demand for USD will remain stronger. Also, Eurozone has more economic problems than USA and raising interest rates would make it even harder for EU to compete on global arena.
Despite the recent bullishness of EUR and bearishness of USD the global demand for USD will remain stronger. Also, Eurozone has more economic problems than USA and raising interest rates would make it even harder for EU to compete on global arena.