Yes.
By next year the USD will dominate the EUR. There will be ups and downs for another year or so between them, but ultimately EUR will go back to it's 2001 low of 0.89, by 2025 (as low as 0.81).
This one was very interesting for me to analyze. With heavy-weight currencies you have to go way back in order to make a precise analysis. So I used my thinkorswim account to measure it (since they have the longest available backward data) all the way back to 1979 with yearly-candles. I drew up the connections and transferred them here. Both trajectory-lines are extremely precise (took half an hour to get them right), so it'll be interesting to see once it reaches 1.00, if it will bust the trend line further below 1.00 or remain range bound. As of the downward channel: it's busted and therefor a confirmed short.
Ill be happy to provide a close-up on this if there's interest.
(lines have been averaged with step-line on linear)
By next year the USD will dominate the EUR. There will be ups and downs for another year or so between them, but ultimately EUR will go back to it's 2001 low of 0.89, by 2025 (as low as 0.81).
This one was very interesting for me to analyze. With heavy-weight currencies you have to go way back in order to make a precise analysis. So I used my thinkorswim account to measure it (since they have the longest available backward data) all the way back to 1979 with yearly-candles. I drew up the connections and transferred them here. Both trajectory-lines are extremely precise (took half an hour to get them right), so it'll be interesting to see once it reaches 1.00, if it will bust the trend line further below 1.00 or remain range bound. As of the downward channel: it's busted and therefor a confirmed short.
Ill be happy to provide a close-up on this if there's interest.
(lines have been averaged with step-line on linear)
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