歐元 / 美元
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LONG TERM FORECAST EUR/USD: The U.S. Dollar Melt UP Part One

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Hello traders and fellow Wojaks! This is a long term forecast on EUR/USD. This is NOT a Day Trade setup.

- Despite the spike up this week, the Weekly EMA Ribbon is still bearish (red as opposed to blue)
- EUR/USD has been forming lower highs on the monthly timeframe for years dating back to 2008.
- EUR/USD is playing out the same Weekly Bearish Divergence on the MACD indicator as it did in 2018.
- My first target is the March 2020 low set at 1.06345.
- If EUR/USD does nosedive over the next few months/years --> DXY will be 100+ --> ☠️ Stocks and Crypto ☠️

I am not labelling this post as a long or short because this is a forecast and not a trade setup. Trade safe. Stay safe.
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