There is a clear bearish flag pattern on Eur/USD at the moment - albeit a big one.
This is taking place on the monthly chart.
This suggests, not only is a dollar-index rally setting up, but the Euro is set to fall to parity with the USD.
Safe entries are about now-ish.
Stop loss at 1.23.
Aim to take profit at parity: 1.00
This is taking place on the monthly chart.
This suggests, not only is a dollar-index rally setting up, but the Euro is set to fall to parity with the USD.
Safe entries are about now-ish.
Stop loss at 1.23.
Aim to take profit at parity: 1.00