Mihai_Iacob

EurUsd can drop to 0.85-0.90 zone (long term outlook)

FX:EURUSD   유로 / 미국 달러
Even I, who have been trading for 20y I'm used to a stronger Eur than Usd, so this outlook may seem fantastic, but in my opinion, both fundamentals and technicals are sustaining a drop under parity for EurUsd.
Looking at the monthly posted chart we can clearly see that since the 2008 crisis, EurUsd is in a downtrend and the only deviation from this trend was the 2020 break of the trend line that stopped in horizontal support and proved to be a false one in the end with the pair getting back under.
Indeed, at this moment, EurUsd is trading in a very strong technical support, but if we look closer at price evolution we can see that every little rally is sold (see yesterday's attempt of correction).
That being said, in the long run, I expect a drop under parity, and a 0.85 price is really not out of the question, on the contrary, is very probable at this moment.


🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.