EUR/USD Price Forecast – The Euro Continues to Plow Higher

The Euro initially rally during the trading session on Friday again, breaking above the 1.14 handle. However, this is a market that will continue to see a lot of noise between here and the 1.15 handle, so I think that this is not necessarily a slam dunk. If you are an investor and not a trader, you could probably buy the Euro and check in on the market in a year to see profits. However, since most of us do not trade like that you need to be aware the fact that there is a massive barrier to overcome.

EUR/USD Video 20.07.20

The best way to trade the Euro from what I see right now is to buy short-term dips. Let the big money push this thing through the 1.15 handle where I think we would eventually change the entire long-term trend. In the meantime, I have been buying short-term dips in picking up something in the magnitude of 50 pips or so per trade. We have a long way to go, so a lot of patience will be what is necessary in order to profit on this pair, but clearly, we are going in one direction only, as the US dollar is getting hit around the Forex markets. We are at an inflection point in not only this pair but multiple other ones, so things are about to get really interesting for those more long-term focused.

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