Based upon my analysis it seems that the EUR/USD is going to be in down trend for a long period based upon my P&F analysis, there will be volatility in the EUR/USD, but the major trend is down for the EURO.
This could fuel the major US indices, gold to go higher due to inflow of capital from Europe over the coming months and years. I seems that the negative interest will push the euro down.
I believe that the euro will hit 1.03 in 2020 and 0.95 in 2021/2022, more QE from ECB and negative interest.
Cheers,
Kennet
PS: bear with me, first idea published on Tradingview. I wish TradingView will do more in P&F tools.
@transparent-fx, interesting time for the eur/usd, the euro could easily test the 1.10-1.12 area as a bull trap on the p&F chart before going south again. Buy in the area of 1.09-1.12 if possible with a stop loss at 1.13 if the opportunity occurs. I am in short at the moment for long term trading.
Thx for the comment, interesting video you have made - l like the depth of the content.