Trade talks are being held between the United States and Europe. The low level of the Euro Usd is a political issue in my zdaniem.
USA from ancient time want to have levels of 1: 1 EuroUsd.
In 2003 EURUSD was 1:1, i.e. 1,0000. So a fall to that level is not new territorium for EURUSD. Gold has been predicted by some finance institutes to fall to 1.000, and if that happens it´s very possible that EURUSD in that case drops to about 1,0000 next year.
Yes, I understand that much, but on the basis of the chart, how did the author of the chart come to the technical conclusion that a fall was 'on the cards'. thanks...
USA from ancient time want to have levels of 1: 1 EuroUsd.
Thank you Mr. Zarnegar