EUR/USD has been very bearish for a long time.
Price tested a supporting trendline on the weekly for the third time.
I am now expecting deeper corrections but price broke out of the rising flag after third touches.
There is a strong possibility for both of these to play out but most likely price will go up in the near future as EUR inflation rises.
Interest rate hikes are expected so we could see the market go higher.
The best setup could be the double bottom if it presents itself.
EURUSD
Price tested a supporting trendline on the weekly for the third time.
I am now expecting deeper corrections but price broke out of the rising flag after third touches.
There is a strong possibility for both of these to play out but most likely price will go up in the near future as EUR inflation rises.
Interest rate hikes are expected so we could see the market go higher.
The best setup could be the double bottom if it presents itself.
EURUSD
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