EUR/USD set to move back to pre-Ukraine levels from early 2022 closer to 1.15 – MUFG
The EUR has rebounded against the USD to this point this month and within the technique has reversed most of sell-off in Also can. Economists at MUFG Bank analyze EUR/USD outlook.
Bullish construction remains in status
The walk of greater highs (in January and April) followed by greater lows (in March and Also can) to this point this yr highlights that the bullish construction remains in status.
We proceed to forecast the pair transferring again to pre-Ukraine ranges from early 2022 when it used to be trading closer to the 1.1500 level.
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