The euro-dollar exchange rate continues to grow actively, having added 14% since spring. We have not seen a quote of 1.2 on EURUSD for a long time - since 2008, but let me remind you that the euro has been even more expensive at 1.4, which means that the current growth is not the limit.
representatives ECB is not against such a circumstance, considering the rate justified on the background of the dollar weakness, and therefore, 1.25 is well within the bulls' reach. It remains to consolidate above the resistance at 1.22 and go ahead.
- More forecasts and news on the Fortrader channel at Telegram