"Dollar Will Rise to Parity With Euro , Principal Global Says"
"The dollar is poised to strengthen to parity with the euro in the next 12 months as the is still on course to raise interest rates, even after deciding not to act this week, according to Principal Global Investors."
"Analysts predict the dollar will appreciate to $1.05 per euro and 127 yen by the end of September 2016, according to the median estimates of surveys compiled by Bloomberg."
Since you go that far back in time, it's possible that the data is a bit thwarted, as Tim suggests. I think it's historical data from the Deutsche Mark.
If it is a true trendline however, and we take logarithmic into consideration, we already dropped below the trend and the Euro seems to be hanging on to that line with just the fingertips and nails.
The interesting bit for me, though, is the real euro bit of the trendline, 2000-2015. The left end touch is October 2000 on dollar strength. 15 years later, in early March this year, when all the analysts were cheering Parity! Parity!, eurodollar bounced right off that trendline March 13-20 on weaker-than-expected US data and a Fed hold. And off we've gone ever since.
This precision seems to speak in favor of the non-logarithmic chart, and that the chances of parity are over, potentially "forever" :)
It'll sure be interesting to see what happens if the chart does hit the trendline again anytime soon.