EUR/USD Longterm prospect is up

FX:EURUSD   Euro / U.S. Dollar
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The long term chart shows the EUR/USD             at the bottom of its natural zone, and rising from this bottom. Downward pressures are the prospect of a rise in American interest rates and commencement of Quantitative Tightening in the US, as against continuing ZIRP and QE in Europe. A week ago it seemed that these pressures had stopped the resurgence, but China stepped in to force the Euro             to rise against the Yuan, which necessarily means rising against the Dollar. The balance has, perhaps, shifted back in favour of a rising EUR/USD             .
In my opinion, a good direction in the long term.
You see also interesting fibo
TomaszTetnowski TomaszTetnowski
VincentWhiting TomaszTetnowski
How did you get data on the Euro in 1984 ? it didn't exist then?
KrunchieKilleen VincentWhiting
That is a very good question! I, of course, found the Chart on Presumably, up to 1999 the chart uses the ECU, launched in 1979, which the Euro replaced at a ratio of 1:1.
TomaszTetnowski VincentWhiting
I found a quotation here
KrunchieKilleen TomaszTetnowski
This seems to clinch the argument!
+1 Reply
The $1 EURO = $1 USD must have been some sort of hype the news are spreading.
KrunchieKilleen CryptoCurrency Inc.
My analysis would go wrong if the outflow of funds from the Euro zone continues..
After looking at your chart, it seems like the EURO has no where to go but up.
NomadTrader CryptoCurrency Inc.
I wouldn't rule out down beyond that support. A lot of fear sitting on the last line of support. If it crosses, the 1/1 might be a marker for traders to hold onto. Even if it's the edge of a balloon of hype.
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