Eur/USD downtrend is strong
by John on 30/11/08 at 7:09 am
Analysing the EUR/USD 8 years weekly chart we notice the EUR/USD might be headed for the parity.
Here’s the chart:
In this chart, we can see the EUR/USD lost 2 major uptrend lines recently. These areas are now strong resistance areas.
The next long term support on the EUR/USD is around 1.0500.
