Although my primary focus is on the crypto market, here is a brief analysis of the EUR/BRL exchange rate. Since 2011, the pair has shown a strong upward trend, moving within a well-defined ascending channel.
During Brazil's monetary tightening cycles—specifically with the Selic rate hikes in 2016 and 2021—the Brazilian real appreciated significantly, leading to a roughly 30% decline in the EUR/BRL exchange rate in both instances.
Analyzing the price action from 2017 to 2020, a recurring technical pattern (fractal) emerges, which appears to have resumed since 2023. If this structure continues to play out, the euro could reach the R$9.00 level by 2027.
During Brazil's monetary tightening cycles—specifically with the Selic rate hikes in 2016 and 2021—the Brazilian real appreciated significantly, leading to a roughly 30% decline in the EUR/BRL exchange rate in both instances.
Analyzing the price action from 2017 to 2020, a recurring technical pattern (fractal) emerges, which appears to have resumed since 2023. If this structure continues to play out, the euro could reach the R$9.00 level by 2027.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.