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Fri, Apr 19, 2024

Since from 1978, EURUSD moving in an Up Trend
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EURUSD History Chart Analysis

From the year 1978 to till now in 2020, EURUSD is moving in an Uptrend by forming Higher Highs, Higher Lows.

A clear Ascending Channel is formed on EURUSD Monthly time frame chart.

A higher highs formed at 1995 and 2008 before the big financial crisis.

A higher lows formed at 2000 and 2020.

This shows that EURUSD is moving steadily in an Uptrend for more years. 

Now, the word wide markets, business, companies are all facing heavy losses due to Covid-19

EURUSD down trend going to break soon
EURUSD down trend going to break soon

Since from the year 2008, EURUSD is moving in a downtrend by forming Lower highs, lower lows.

Market is going to break the down trend line soon.

Let’s wait for the confirmation of Breakout for entering into EURUSD Long term trade.

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