- i am not an expert in Forex but what i see with Euro is very bad. The euro was launched on January 1, 1999, when it was worth $1.19, but then began a long slide, falling through the $1 mark in February 2000 and hitting a record low of 82.30 cents in October 2000.
- Remember this is just a TA. i don't dyor on news and FA on Forex.
- That said the main trend line show us that the situation could be more catastrophic.
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- 3 Scenarios are possible :
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1. right now we could get a consolidation at ---- $1-$0.96 ---- like we had in 2013 then Euro could bounce back around ----- $1.14-$1.15 ----
2. if we dip under this support we could back easily to 2012 price ---- $0.9 ----
3. Worst Case would be to back on the main trendline ---- $0.85 ----
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Stay safe with Forex!
Happy Tr4Ding !
- Remember this is just a TA. i don't dyor on news and FA on Forex.
- That said the main trend line show us that the situation could be more catastrophic.
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------
- 3 Scenarios are possible :
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1. right now we could get a consolidation at ---- $1-$0.96 ---- like we had in 2013 then Euro could bounce back around ----- $1.14-$1.15 ----
2. if we dip under this support we could back easily to 2012 price ---- $0.9 ----
3. Worst Case would be to back on the main trendline ---- $0.85 ----
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Stay safe with Forex!
Happy Tr4Ding !
Note
2020 Analysis here :
Note
Zoom in : Note
1€ = 1$Note
back on track.Note
Update (1.085) :Trade closed: target reached
Closed.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.