It seems that we are in a downward erosion movement where the divergence is quite evident. In my opinion, wait until the red trend line is broken (Stay a hunter), then you can safely enter into the purchase transaction.
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People are losing confidence in the euro and this is the second time its breached parity over the last few months. Something would have to be pretty bullish for it to reverse to the upside. CONFIDENCE IS DESTROYED IN EUROPE. hence why euro went from 1.6 to 0.99 and weekly charts show that it's on its way down to 0.96, then 0.82, then 0.48 if the descending wedge doesn't hold. Pension funds in europe need 8% to break even when buying NEGATIVE rate bonds is mandatory. Euros is dead before 2030.
hamidreza_FX
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@brainyPie5674, Thank you for the analysis of the comrade I agree with you too.