I know many people are calling for the decline of the dollar and to invest in Europe, but the chart shows a different picture.
The chart shows that the dollar has bottomed against the Euro and looks set to make a run at the highs.
I think over the coming months/years, the dollar will go back above par against the Euro and will likely outperform the Euro for the coming years.
The recent decline in the dollar was just to backtest support, and now that we have done that, I think the bottom is in.
Breaking above the trend line should accelerate the bullish move.
The chart shows that the dollar has bottomed against the Euro and looks set to make a run at the highs.
I think over the coming months/years, the dollar will go back above par against the Euro and will likely outperform the Euro for the coming years.
The recent decline in the dollar was just to backtest support, and now that we have done that, I think the bottom is in.
Breaking above the trend line should accelerate the bullish move.
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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.