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EURUSD technical analysis. EUR/USD price forecast; 1.133

The EURUSD exchange rate has been on a downward trend since the beginning of 2022.

However, in the long term, the EURUSD exchange rate could appreciate given the faster pace of growth expected for the Eurozone economy compared to the US economy. Consequently, i predict that the EURUSD exchange rate could reach 1.133 by the end of 2023.

The technical analysis is based on a long term channel shown in the video and the volume profile of the price range since the end of 2014. EUR/USD is risign towards the POC, the point of control and is forecasted to reach it.

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