- I am bearish on EUR, though the main stream media narrative seems to be opposite - the rate will be cut, but the reason is not winning with the inflation but loosing with the slowdown. In such cases USD is still the place to go - EU economy is weak and it doesn't look like anyone there has any idea how to move forward... - the liquidity created after the pandemic seems to dry up. Markets expect to see QE on the similar scale soon, what I doubt - the price respects technical levels almost to the point and now go to the resistance cluster, so I believe it will go down from there. The target - medium term 1.03800. Long term: Parity.