If you flipped the monthly chart of the eurusd upside down. it would look really bullish.
now flip it back to it's normal orientation and this is what it looks like.
This trade will not happen within the next year, nor the next 2 or 3. Look it took 10 years to go up, churn the highs and then come back down to this price level.
Therefore I would give this trade time leeway of another 10 years. Could it accelerate to the eventual target and hit it within 3 year? Why not?
But this is what it is. We will eventually see Eurusd 0.90 in the next 5 to 10 years.
now flip it back to it's normal orientation and this is what it looks like.
This trade will not happen within the next year, nor the next 2 or 3. Look it took 10 years to go up, churn the highs and then come back down to this price level.
Therefore I would give this trade time leeway of another 10 years. Could it accelerate to the eventual target and hit it within 3 year? Why not?
But this is what it is. We will eventually see Eurusd 0.90 in the next 5 to 10 years.