DeGRAM | EURUSD long-term growth forecast

20 เม.ย. 2021

As I have said more than once, the price in this pair moves in waves.
Usually 2-3 growth waves alternate.
Then correction.
And 2-3 fall waves.
On the monthly chart, you can see that the price is following this movement globally (since 1993).
So locally (movements within the main trends are highlighted in blue).
Since 2017, the price has been forming two growth waves.
The first is from 2015 to 2018.
Then, until 2020, the price fell.
And in February 2020, a new growth began in which it is now.
I expect the price to complete the formation of the second wave of growth in the area of ​​the resistance line.
The target is 1.279.

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