ACtualites du marche des changes

Since 2008’s all-time high at 1.6, EurUsd has put no less than 5 lower highs on our weekly chart, and 4 of them can be very precisely connected with a descending trend line.
In June 2020 we have a break above this trend line, but the pair staled and reversed from 1.22-1.23 zone
At this moment EurUsd is trading at 1.12 zone, exactly in this falling trendline and we may wonder, is this a confirmation, or the Usd has resumed its 14 years trend?
So, I will work with 2 scenarios:

1. Reversal from here and EurUsd back above 1.15 which will give me the idea that the long term trend has changed indeed and we can have up continuation above 1.23
2. EurUsd breaks back under this trend line and, in this case, it’s resuming its downtrend, and this time we can expect even a drop under parity.

This is my idea on EURUSD
Expecting price to rise to 1.13051
What do you guys think?

We can see the possibilities of the waves here to retrace upwards.

The market could be setting up for either a reversal or a big continuation trend move.

Trade with care use a stop loss.

Ceci est juste mon opinion perso,

Mais voici ce que je vois : J’attend confirmation de la fin de la ‘C’ puis je partirai en achat.

Trade risqué, resté vigilent.

Bonne semaine à tous.

B. Raphaël