and are showing divergencies.
Though we couldn't tag the upper and the reversal is not so strong as in the US Dollar Index it's a low risk short trade now.
I will use Fibonacci to predict where this decline is ending. But now it's more than enough to see that we are going to break the blue first and heading to the green box as a final target. Price may also break the green but WILL NOT ENTER OR BREAK THE RED BOX.
After this Euro decline (and dollar rally) we have to get prepaired for a weakening dollar in the following years.
The FED simply printed too much greenback just forgot to tell to the Americans. But the chart is