Mihai_Iacob

EurUsd- We have parity, now what? (Long term view)

Giá xuống
FX:EURUSD   Euro / Đô la Mỹ
I have been strongly bullish Usd and bearish Eur since 1.15 and argued that the pair should reach parity this year and last night this important figure was touched so...now what?
In my book, the answer is simple, CONTINUATION
Looking at the monthly posted chart we can see that since the 2008 ATH at 1.6 the pair is trading downwards and the old 1.2 zone support acted as resistance back in 2018 and 2021.
Also, the extremely important 1.04-1.05 support is clearly broken down now and we should expect lower prices from now on.
From a fundamental point of view, all are in favor of a strong USD and a weak EUR so I would not be surprised at all if EURUSD will reach 0.85 in the next 6 months or so.
The best strategy for this pair is selling rallies and ONLY EurUsd back above 1.05 will temper this aggressive downtrend

🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
Thông báo miễn trừ trách nhiệm

Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.