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  • Writer's picturePeet Serfontein

Analyst Thoughts: EUR/USD Medium-Term

A BULLISH PHASE TO 1.1300 / 1.1350 IS LIKELY.


  • Bullish trend advancing to Resistance Area 2 (RA2), followed by a sharp decline to Support Level 3 (S3) remains a valid perspective.

  • Longer-term outlook: Significant fluctuations expected between RA2 and S3.

  • Current trend: The price action moving towards Support Level 1 (S1)/Key level (K) as predicted, with subsequent consolidation likely, paving the way for pattern completion.

  • If key support at S1/Support level (S) holds against current downward pressure, a rise to RA2 is probable.

  • Medium-term market equilibrium defined by the range between Resistance Level 1 (R1) and Support Level 1 (S1), indicating neutrality.   



Target and Re-assessment Levels:

Important Levels: 1.0988 and 1.0685

Primary Trend and Target Levels: Gains to 1.1300, then down to 1.0245

Monthly Range: 1.0670 to 1.0940

Prevailing Trend and Target Levels: Downside towards 1.0685

Technical Rating: Medium



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