This is a long-term view of EURUSD.
The EUR/USD pair reached its peak during the Great Recession and has since exhibited a sustained downtrend, moving within a well-defined falling channel.
While periods of sideways consolidation may occur over many months, the persistent pattern of lower highs is undeniable.
This downward momentum is likely to persist until the underlying macroeconomic challenges within the EU market are addressed.
In light of these factors, parity in the near term remains a plausible scenario.
The EUR/USD pair reached its peak during the Great Recession and has since exhibited a sustained downtrend, moving within a well-defined falling channel.
While periods of sideways consolidation may occur over many months, the persistent pattern of lower highs is undeniable.
This downward momentum is likely to persist until the underlying macroeconomic challenges within the EU market are addressed.
In light of these factors, parity in the near term remains a plausible scenario.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.