WARNING: THIS WILL FINISH THE EURO IN THE TIMES TO COME!!!
Hello,
Welcome to this analysis about the EURUSD and the weekly timeframe perspectives. In recent times many geopolitical and economical events are unfolding and it is no wonder that the EURUSD declines move further. When considering the situation of the Euro it needs to be stated that there are factors contributing to the fact that the Euro is weakened such as a decrease in globalization causing the countries that are using the Euro to come back to do not have the full global functional benefits that are coming from a globalized economy and the role of the Euro within it. Besides that, the supply chains and real economy is still battered by the Corona Virus as well as geopolitical tensions unfold causing a lack in production. Increased inflation also in the Euro area causing the purchasing power of the Euro to diminish. These are the fundamental factors that are making a further continuation of the established downtrend likely. Furthermore from a technical perspective, the Euro is developing this gigantic bearish pennant formation which is actually right now completing with the breakout below the lower boundary and the formation that is forming below this level. Taking this into consideration it is a setup for the Euro to show up with bearish movements in the next months and years. A level of 1 Euro for 1 U.S.-Dollar will be highly likely when not further below this level. In any case, it is necessary to be aware of the situation and not keep it from the desk with appropriately preparing for these upcoming volatility establishments, it will be a crucial development.
In this manner, thank you for watching the analysis, all the best!
"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the markets.
Welcome to this analysis about the EURUSD and the weekly timeframe perspectives. In recent times many geopolitical and economical events are unfolding and it is no wonder that the EURUSD declines move further. When considering the situation of the Euro it needs to be stated that there are factors contributing to the fact that the Euro is weakened such as a decrease in globalization causing the countries that are using the Euro to come back to do not have the full global functional benefits that are coming from a globalized economy and the role of the Euro within it. Besides that, the supply chains and real economy is still battered by the Corona Virus as well as geopolitical tensions unfold causing a lack in production. Increased inflation also in the Euro area causing the purchasing power of the Euro to diminish. These are the fundamental factors that are making a further continuation of the established downtrend likely. Furthermore from a technical perspective, the Euro is developing this gigantic bearish pennant formation which is actually right now completing with the breakout below the lower boundary and the formation that is forming below this level. Taking this into consideration it is a setup for the Euro to show up with bearish movements in the next months and years. A level of 1 Euro for 1 U.S.-Dollar will be highly likely when not further below this level. In any case, it is necessary to be aware of the situation and not keep it from the desk with appropriately preparing for these upcoming volatility establishments, it will be a crucial development.
In this manner, thank you for watching the analysis, all the best!
"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the markets.
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EURUSD since completing the huge triangle formation accelerated with the bearish trend dynamics to reach all of the final bearish target zones exactly.