eur usd forecast medium term

euro dollar monthly july 2020

Short-medium term Euro Dollar Forecast technical analysis

Euro Dollar forecast technical analysis using the cycles of the American economist W.D. Gann.

Weekly Euro Dollar Forecast

The year 2020 coincides with a very important cyclical temporal expiry in the long-term dynamics of Euro Dollar

In fact, we have observed an important change in volatility and a trend positive reversal in the first few months of the year.

The monthly Set Up mentioned several times in March 2020 has determined the net change of pace in the weekly returns of the European currency.

In fact, we can note that the amplitudes of the candles are much more significant, in particular from the end of May onwards, compared to the last months of the year 2019 which were affected by a strong negative laterality that has begun since the first weeks of 2019.

Although we have observed a consolidation of the price level in the period of April, May with exchanges that alternated prices between 1.10 and 1.07, the weekly Set Up  of May 29 and that of the first week of June, have indicated the birth of the second long-term upward movement compared to the period of January 2017 and February 2018.

The positive acceleration has reported prices at first on the 1X4 descendent dynamic resistance in 1.14 area, which had already curbed the first rally of March.

Subsequently the Euro, after a short lateral phase of a couple of weeks, under the pressure of the  Range  Square  on 17^th July 2020, is managed to break this dynamic obstacle upwards.

The upward easing phase, still in progress, has pushed Euro prices to 1.19 area, this is the level indicated in the previous reports.

Let’s see together in the video, the next price-time targets, the subsequent resistances and the potential reversal points.

An investment portfolio on the Euro Dollar cross is also closed.

Medium-term Euro Dollar exchange rate

euro dollar monthly july 202In previous reports we have repeatedly highlighted the importance of the 1X1 and 1X2 Zero angles which have curbed the negative strength of the single currency between the period of March-April 2020.

The Top Trader© program has radiated these red and yellow colored vectors.

In fact, we can observe how the closings of the candles have followed these vectors, which together with the new monthly Set Ups have reversed the trend of Euro from negative to positive.

Il trend dell’Euro Dollaro è stato illustrato con  l’ausilio del programma grafico di Borsa Top Trader©.

The last medium-term signal is expired in July.

In fact, we have been able to observe how the Euro Dollar market has accelerated the upward trend by breaking angular resistance upwards.

Upcoming dynamic obstacles at level 1.1990; 1.25.

The Euro Dollar trend was illustrated with the help of the Stock Exchange Top Trader © graphic program.