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EUR Forecast Q2 2022

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by , 04-07-2022 at 11:30 AM (455 Views)
The Euro suffered punishing losses in the first quarter of 2022. The currency is on pace to shed almost 3 percent against an average of its major counterparts, marking the worst three-month performance in 7 years.

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Daily price is on primary bearish market condition located below Ichimoku cloud by trying to break 1.0874 support level to below for the bearish trend to be continuing with 1.0805 as a nearest possible target. Alternatively, if the price bounces from 1.0805 level to above so we may see the ranging near and below Ichimoku cloud with 1.1184 daily bullish reversal target.
Conclusion: bearish ranging.

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