Here is my view on Euro:
Euro comprises around 60% of the dollar index
So you see EURUSD chart looking like the mirror opposite of the dollar index. I can see head and shoulders pattern that is a continuation pattern of a longterm downtrend
More recently, can see Eur has been adhering to a longterm downtrend channel,
We are in the middle of the channel now but I do believe that ultimately it will break to the downside and 1 Eur= 1USD in the near future
Dr Dan
Euro comprises around 60% of the dollar index
So you see EURUSD chart looking like the mirror opposite of the dollar index. I can see head and shoulders pattern that is a continuation pattern of a longterm downtrend
More recently, can see Eur has been adhering to a longterm downtrend channel,
We are in the middle of the channel now but I do believe that ultimately it will break to the downside and 1 Eur= 1USD in the near future
Dr Dan