A bear market triangle has been spotted on EUR/USD using monthly candles. According to our EW rules, following a corrective ABCDE triangle we will see a corrective ABC wave down. First target for the bottom of C is 0.92102. This means that we could possibly see the Dollar (USD) eventually worth more than the Euro within the next few years.
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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.