An overview of the
currency markets by 
Hello.
Looking at the EUR/USD, it looks like we’re beginning to start a sideways trend channel. From a technical standpoint, when we see this type of stalling (sideways movement), we’ll potentially see a continuation of the previous trend - which, in this case, is up.
Look for further sideways movement between the two horizontal lines drawn on our chart.
If the pair does head up, look for a shorter term price target of 1.5108.
Also, don’t forget that the longer the currency pair channels, the more of a breakout we’ll see once it does happen.
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But Doc says that it will drop to 1.440
Hi Leon,
Thanks for the comment and bringing that up.
We haven’t seen Doc’s analysis yet but that’s why it’s important to utilize and perform your own analysis. Obviously, no one knows where the market is going and to what price point.
We do see a potentially significant movement down in the near future - which we’ve mentioned before on our blogs. However, there still seems to be a little more bullish sentiment there.
Thanks again for the comment and please keep us informed.