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.