Is the EUR/USD heading for Parity..?? The chart suggests so..!!
Weekly Chart EUR/USD = 1.07755..!!
Is the EUR/USD heading for PARITY..??
The chart SUGGESTS SO..!!
The charts all suggest that the European Currency is heading to $1.00, possibly even lower.
As the weekly charts above shows the EUR/USD has been in decline since June 2014, continuing its decent from the highs of 2008.
Since 2008 the EUR/USD has lost over 30% of its VALUE from the high of $1.60.
Some are considering that the EUR/USD could in fact hit a low of $0.80 suggesting a 50% LOSS in its VALUE from 2008..!!
Do I think this could happen? Yes, why not..!!
PARITY is certainly on the cards and anything lower will be determined by the upcoming elections and whether the BREXIT/TRUMP MARCH continues through to Europe..!!
Keep a close eye on the Political Events unfolding in the Euro Area which will certainly weigh heavily on the EUR/USD.
The World is witnessing some challenging FINANCIAL and POLITICAL times with DEBT at the top of the agenda.
I would suggest that things will get worse, a lot WORSE before we are out of the woods.
Thanks for reading.
Stephen
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Upvoted and resteemed!!!!
Thanks I appreciate the support. Stephen
This is very interesting. One Dollar value over One Euro plus a Yuan devaluation = equation for COLLAPSE.
You are right. What makes it interesting is as we all know the $USD is also overvalued so if it got to $1.00 = €0.80 and the dollar collapsed this could send the whole Global Market into free-fall..!! Then GOLD at less than $27,000oz will be a steal..!! Stephen
Could not agree more. Thank you for your reply!
You're welcome. Following. Stephen