$EURUSD Major Historical Bottom - Buying Opportunity
From 2008 till today, the Euro has been in a steady downward spiral. It's been 14 years of this, but I believe this trend is close to an end. This idea coincides with my DXY major top outlook which I published a while ago. This doesn't necessarily mean Europe is entering a bull market (although it's possible) but it does mean that the US Dollar has probably peaked as the global reserve of value at least for a few years. I would expect rapid recuperation of value of several other currencies like GBP, AUD, CAD, etc. against the USD.
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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.