On Monthly chart, last candle is a with a big wick.
On Weekly you'll see a big red candle.
On daily, same candle, with a big wick.
Needless to say, that is a very signal for EU.
Daily indicates the upcoming week, euro will go lower, could be very low, all the way to 1.07.
I expect EU to go 100pips lower the next day, meaning it will touch 1.09 at least.
Breaking below 1.10 means a sure opportunity to short EU.
Let's look at Technical Analysis:
is convergent with the drop, and it has more to go.
made a cross on daily, signaling a good opportunity to short, and is convergent with the current trend.
DMI shows it is at the crossing point where a on daily is formed, and with showing weakness of the in the last couple of days, signals a good place to go up with the .
is convergent with the drop.
Price Action crossed below 50 , indicating strong signal.
It is clear all TA shows a very good shorting opportunity.
Let's look at Fundamental Analysis:
EURO has the following events to look out for:
Potential GREXIT, and even more, a BREXIT.
Grexit is very likely due to IMF leaks that hint at this possibility.
ECB hints at buying a lot of bonds, and a more aggressive .
Most Fund Managers (like Soros, Ray Dalio) were betting on a euro fall, so the drop will make very big profits for these individuals.
And for the DOLLAR:
Potential Interest Rate Hike and simultaneously, probably to push up the stocks even more, before a big drop( I think S&P500 is overbought.
With all this, I can confidently say there is a very likely possibility of Euro going to parity in the next couple of weeks.