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UnknownUnicorn909211

I cannot see EUR/USD going much more without a big Pull Back

Short
Euro / U.S. Dollar (FX:EURUSD)  
UnknownUnicorn909211  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis EURUSD euro eurodollar dollar
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trendanalysis eurusd euro eurodollar dollar
Looking at the weekly chart, EUR/USD is currently hitting some strong resistance. It is tapping previous support from 2010 & 2012. The last time it was above 1.22 was the end of 2014. It been in a downtrend on the weekly timeframe since hitting highs of 1.60 in 2008 and has been unable to get out of since, that was 10 years ago......... I do believe there could be a chance of hitting 1.25, but not for a while. The dollar is suffering at the moment, but as we all know, everything is temporary and nothing can go up, or down, forever. I see EUR/USD revisiting 1.15 before trying again. DXY is on some support on the Weekly TF which measures Dollar strength.
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