EURUSD: Decade-long path to parity

Dec 26, 2019

hey traders,

I hope that you all enjoy holidays :)

now we have a perfect time to talk with you about a long term perspective on different financial instruments.
I decided to start with EURUSD.

From 2008 the pair is in a strong bearish trend.
From the current perspective, it looks almost inevitable that in the next few years we will see parity between euro and us dollar.

now the market is proceeding to a current market low 1.05.
taking into account the average annual trading range I believe that with a high probability we will be there next year.

The bias remains bearish and for now, we don't see any indication in a change in market sentiment.

keep following the pair within the underlined channel.

P.S
I am not a big fan of fundamentals but I want to hear the fundamental view on EURUSD
so feel free to share your thoughts in a comment section!