Euro getting ready for explosive upmoveThe Euro broke the long term down trend some time ago.
It consolidated and is now ready to move upwards way beyond 1.23.
The whole move in the USD will probably be as in past cycles.
If we look at long term moves the Euro moved down from 1.60 to lows of around 1.04.
Past upcycles based on the old DM charts were generally almost a doubling or halving depending which way you are looking at the currency moves.
The move from start of the 2000s was basically a doubling.
The move now can carry through for about 3 years to somewhere between 1.80 and 2.
This should be played using the intraday moves for trades.
My view is to trade within your primary trend but maintain a core long position using forwards in order to keep interest costs low.
