KrunchieKilleen
Short

EUR/USD continues dive

FX:EURUSD   Euro / U.S. Dollar
54 0 1
The Downtrend of the Euro             against the US Dollar             that began in April             2014 continues unabated. The movement is spectacularly smooth, reminiscent of (though not quite as steep as) Downtrend B of 2008, which brought the value from a high of $1.57 right down to $1.27. Since the American Economy continues to strengthen (while Europe languishes) and the end of ZIRP in the Dollar zone (but not in the Euro             Zone) is inevitable, and Long-term Support Line A is decisively breached, there seems to be nothing to stop the downtrend along Line D until $1.1, or thereabouts, is reached.
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