Will we ever see EURUSD under 1 again?
A pattern on the weekly chart we have already seen during the '90s may be returning. Euro has been very strong compared to the USD for the past 4 years, but this may change in the foreseeable future. If the resistance is maintained at 1.2, we could see this pair drop its value to 1 and possibly further!
The MACD indicator is pointing to a trend reversal from bullish to bearish.
Keep an eye on this pairing, a change of roles between euro and us dollar could imply big changes in the economical policies around the world.
What do you think? What analysis would you like next?
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If Eur goes up, will spell troubles for the stock markets, I say....