ZarNegar
Long

The future of Euro

FX:EURUSD   Euro Fx/U.S. Dollar
4040 30 103
Euro             is now at the lowest price.
1.04 level.. Will never be repeated.
Target of Euro             in the the next cycle. Will be 1.8000..
Details on the the chart.
FullTimeTrader
2 years ago
I agree the EURUSD reached its bottom
EURUSD-time for a rebound?
+1 Reply
Troy123c FullTimeTrader
2 years ago
On your chart, notice the choppy price action in years past which usually resulted in a somewhat near term recovery. However, the most current price decline seems to form a pattern much more monumental. It may take time, but I see this as a big move perhaps declining to a low of .8000 if not lower. Thanks for your thoughts!
Reply
Ansari
2 years ago
Hi ZarNegar
Good Analysis ,very pretty char . Thanks for sharing.
AB=CD
snapshot
+3 Reply
somaFX
2 years ago
Excellent your analysis.I like this.
Reply
Excellent Work, mate!
Reply
Justiceisfalse
2 years ago
Great chart.
Reply
Yahia.Awes
2 years ago
I think it hasn't reached its bottom yet. Here is what I see...
snapshot
snapshot
+1 Reply
Remember the Euro is still new. Three cycles in 20 years are no measure of historical precedents. So if the parallel channel is broken should we not expect price to measure in a lower parallel price channel?
Reply
Yahia.Awes QuantitativeExhaustion
2 years ago
Might be, it could also act as support. I'm monitoring that level to see what is going to happen.
+1 Reply
ZarNegar PRO QuantitativeExhaustion
2 years ago
Thanks to JR
Notice that. this trend line started in 1993 and continues today
this is not just a channel. It is a historically major support line.
And is unlikely to break.

So I believe that the 1.04 Will never be repeated. And not broken.
  Currently. We are waiting to repeat previous levels.
Such as 1.21- 1.31- 1.41 and above ...
+1 Reply
QuantitativeExhaustion PRO ZarNegar
2 years ago
Do you have alternative to 1.04 being broken?
Reply
QuantitativeExhaustion PRO ZarNegar
2 years ago
Saying price Cannot be broken is like saying it will never rain on earth again.
+1 Reply
ZarNegar PRO QuantitativeExhaustion
2 years ago
You're right.
But I say, 'Will never be repeated. And not broken. '
Reply
Yahia.Awes ZarNegar
2 years ago
We have drawn a channel with the same start, why would yours be correct and mine not? I'm supported by the fib-pivots...
Reply
rmwallner
2 years ago
Will never.... must be new.
Reply
patrickestarian
2 years ago
Wow! you are forecasting up to year 20016! that's 18,001 years later :p
Reply
This is what makes a market and you bold enough to put your neck on the line with strong view and always respect that in a trader , my own thinking sadly cannot agree with your longer tern view and look for 1.04 to be broken and looking for levels below parity , but will follow your thoughts and views with interest
+1 Reply
peter.kralmail
2 years ago
agreed
Reply
Troy123c
2 years ago
NarNegar, I favor your "Will Fall" forecast for EUR/USD posted back in mid-January of this year. It seems the current price-action for this pair falls in line with your prediction then. What do you see that has changed your outlook for EUR/USD. Thanks for sharing!
Reply
Venom08
2 years ago
The Euro is a failed socialist creation. Any other currency, and your technical analysis is 10/10, however with Europe entering financial disaster right now, I don't see it remaining solvent for more than a few more years. I'm a believer in a summer rally for the Euro, but after that it's back to it's decline and eventual breaking of par with the USD, which is actually the king of currencies right now.
Reply
Fantastic chart
Reply
RiccardoAnnoni
2 years ago
Love this chart!
Reply
vdubus PRO
2 years ago
wow, nice work :)
Reply
STT02
2 years ago
1.80??? i dont think so but hope you are right.
Reply
HuaYang
2 years ago
not yet low price.....
Reply
Thanks Bro I got entered @ 1.1067 will wait until we get to the mountain :)
Reply
BalintDavid
2 years ago
would be nice
Reply
fero
2 years ago
more of history ... http://screencast.com/t/omoa0KUt
Reply
kuwaitforex1
2 years ago
excellent analysis
Reply
kyan8897
5 months ago
excellent analyse! thanks
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out