On our previous analysis, we have correctly predicted a drop to 1.1150 on EURUSD. Since then the pair has spiked up to 1.1450.
So shall we expect a further increase on EURUSD?
The pair is trading at 1.1423. Looking at the long term trend, the positive outlook carries on. However we are expecting a small consolidation. Although it can still spike up to 1.1470, our short term target price is 1.1300.
This cannot be considered an investment advice!!