KrunchieKilleen

EUR/USD Converging parabolas

FX:EURUSD   Euro Fx/U.S. Dollar
53 0 1
Joining the bottoms gives a neat parabolic shape, indicating that the Euro             downtrend against the US Dollar             is gradually ending. Joining the tops gives another parabolic shape, but not entirely parallel with the Supporting parabola. In fact, the two parabolas are converging. My confidence in predicting that the downtrend of the EUR/USD             will continue for some more months will be boosted if the Supporting parabola is breached.
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