KrunchieKilleen

EUR/USD Downtrend to end at $1.075

FX:EURUSD   Euro Fx/U.S. Dollar
134 4 3
The pattern of the Euro             against the US Dollar             since 1993, indicated by existing (dotted blue) and projected (dotted amber) trend lines indicate that the downtrend will end at around $1.075, to be reached, perhaps in April 2015. While economic forces at present seem to indicate pressure on the EUR/USD             to continue downwards, economic data (such as energy prices) can change suddenly. For me, $1.08 is a cautious exit point to my short position, from where to watch for the commencement of the Euro             bounce-back, the ensuing uptrend to continue through 2016 and 2017.
denovo PRO
2 years ago
Very plausible scenario. I have to wonder if your projected end-of 2017 high will be the end for the Euro zone...
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KrunchieKilleen denovo
2 years ago
Too far away to know!
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KrunchieKilleen
2 years ago
Recent negative inflation in the Eurozone is caused primarily by falling energy prices. But this fall, far from having a deflationary effect, will have a stimulating effect, since the Eurozone is a net importer of energy. Expect to see strong economic performance very soon.
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denovo PRO KrunchieKilleen
2 years ago
I may have been too influenced by negative press...
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