The Euro broke an important trend line and now is heading towards the lower boarder of the channel path it is currently inside.
1.3968 seems to be the nearest support. We are also reaching the lower boarder of a triangle.
I still maintain my post from June 16, 2011 (http://mcapitalmarkets.blogspot.com/2011/06/is-us-dollar-really-doomed.html) where I believe EURUSD is headed towards parity and even below and that the USD will be bullish for quite some time.
Here is the daily chart for EURUSD.
The Euro broke an important trend line on its path down south. I still maintain the prognosis of parity or below parity in the following years.
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