EURUSD Bounced From 14-Year Long Trend
Burc Oran
February 2, 2022
EURUSD Monthly Chart

EURUSD is under pressure from FED rate hikes and extra dovish ECB. The price had broken the major long-term trend started from 2008, at the pandemic crisis in 2020. Recent down moves cause EURUSD to re-test that trend.

EURUSD is re-testing the long-term trend four months in a row now. If ECB’s dovish stance changes, a possible medium to long-term bullish move may start from this dip. But this kind of long-term trend re-tests tends to take weeks and sometimes months. But over 1.10, EURUSD had positive technicals over the medium term, at least for now.

Tags
Share

Stay informed with market news by subscribing to our reading list.

FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.
The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

WARNING

Due to your regulatory authority, unfortunately, we cannot offer you our margin trading services.