[EUR] Euro to Rise Hoping Upward Trend 2020 0116

EUR/USD four-hour chart, source:FXDD.com

cf. [GBP] Short-term Downward Trend 2020 0113
cf. [USDX] Correction After Rising 2020 0111
cf. [EUR] Euro expected to Though Iranian Attack  2020 0109
cf. Expecting Euro and Sterling to Rise  2019 1230

Currency pair EUR/USD touched above 1.1160 and futures Euro FX-202003, 6EH20 did above 1.12 on Wednesday. They try to break through previous peaks again.

And we can expect euro to rise and build upward trend in mid-and-short term.

Euro rises being supported the upward trend line which has been made since last late September in daily chart. And it broke through the long-term downward trend line build since 2018.

Euro is supported to Long bias. The pair is forecasted to touch 1.12 and euro-fx 1.1245. EUR/USD is 1.1166 as of 12:37(UTC).

Global economy supports risky asset such as euro and pound.

The US-Sino trade talks reached the agreement and signed on Wednesday. It is not complete ending of trade war between big two economy enties but financial markets welcomed the agreement. Stocks rose, and euro and pound, tool.


Gjallarhorn keeps long position of euro. Gjallarhorn deals futures.

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