EURO / USD – Long Term Forecast
EUR/USD just broke through its 200-week moving average. A routine technical event, or the beginning of something much bigger? Perhaps it’s just another temporary setback for the Euro. Nothing to worry about. The pair could recover quickly, and everyone would move on. But what if we take a helicopter view? What if today’s move is just a small part of a much larger story, with implications that could extend well beyond the currency market? This development prompted me to dust off our long-term EUR/USD forecast, which I haven’t touched in 16 months, and see whether the original roadmap still holds or needs some serious adjustments. The results could be rather interesting. Let’s dig in. CANDLES EUR/USD The Euro has been off my radar for a while. But a fresh look at the candlestick charts suggests that the currency is in trouble, possibly serious and prolonged trouble. Let’s review just a…
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