EUR/USD: The Big Short??
As we can see, Eur evolved in a huge raising wedge since 1985. This wedge has been broken in 2015 (blue rectangle). The price even did a PERFECT pullback (blue square), suggesting the power of the trend. The target of that wedge is 0.55$.
On top of this, we can see that the SSB rejected the price EVERYTIME since 2014 (red circles). The October candle has already been rejected (eventhough confirmation will be actual on October, 31st).
Alltogether, these analysis seem forecast a huge dump to come for EUR vs USD in the coming years, up to 50% decrease.
On top of this, we can see that the SSB rejected the price EVERYTIME since 2014 (red circles). The October candle has already been rejected (eventhough confirmation will be actual on October, 31st).
Alltogether, these analysis seem forecast a huge dump to come for EUR vs USD in the coming years, up to 50% decrease.
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