Euro (EUR) vs The Dollar (USD) Goes Nuclear, A 20 Years Event
We have parity between the Euro and US Dollar for the first time in 20 years, something completely unexpected but it is happening now as the world changes and evolves.
This month took the EURUSD to a long-term support that based on technical analysis can lead to a pullback before prices continue to drop.
The current EURUSD bear market has been going for 5113 days/170 months or a little over 14 years.
I can't really say about timing but a pullback is due based on the technicals...
On a pullback, the main target/resistance is the counter-trendline, plotted here in blue named "Falling trendline".
Another possible scenario is straight down before a recovery shows up.
Chart:
Nuclear war?
Namaste.
This month took the EURUSD to a long-term support that based on technical analysis can lead to a pullback before prices continue to drop.
The current EURUSD bear market has been going for 5113 days/170 months or a little over 14 years.
I can't really say about timing but a pullback is due based on the technicals...
On a pullback, the main target/resistance is the counter-trendline, plotted here in blue named "Falling trendline".
Another possible scenario is straight down before a recovery shows up.
Chart:
Nuclear war?
Namaste.
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