Euro / US-DollarShort
EurUsd could drop under parity in 2025 (0.95 target)
Aktualisiert
Now that 2024 has concluded, EUR/USD has ended the year at its lowest point, marking a 7% decline from January and a 9% drop from its summer peak.
Most notably, the pair fell 6% since November—a significant move for such a typically stable currency pair, highlighting strong bearish momentum.
Technical Analysis
On the daily chart, the EUR/USD has shown a steady downtrend since its double top in August and September. Every meaningful reversal attempt was met with selling pressure, leading to a quick resumption of the downward trajectory.
The long-term (monthly) chart paints an even grimmer picture. The pair has been in a clear downtrend since its 2008 peak of 1.60, and it now sits precariously on critical support levels from the 2015 and 2017 lows.
Fundamental Outlook
The fundamentals align with the technical bearish trend. Diverging monetary policies and a bleak economic outlook for the EU add to the pair's struggles.
Conclusion:
Given these conditions, a drop below parity appears likely in the coming year. The most prudent trading strategy for EUR/USD is to sell into rallies and wait for further declines.
My target is 0.95, but, to be honest, I would not be very surprised by 0.9
Most notably, the pair fell 6% since November—a significant move for such a typically stable currency pair, highlighting strong bearish momentum.
Technical Analysis
On the daily chart, the EUR/USD has shown a steady downtrend since its double top in August and September. Every meaningful reversal attempt was met with selling pressure, leading to a quick resumption of the downward trajectory.
The long-term (monthly) chart paints an even grimmer picture. The pair has been in a clear downtrend since its 2008 peak of 1.60, and it now sits precariously on critical support levels from the 2015 and 2017 lows.
Fundamental Outlook
The fundamentals align with the technical bearish trend. Diverging monetary policies and a bleak economic outlook for the EU add to the pair's struggles.
Conclusion:
Given these conditions, a drop below parity appears likely in the coming year. The most prudent trading strategy for EUR/USD is to sell into rallies and wait for further declines.
My target is 0.95, but, to be honest, I would not be very surprised by 0.9
Trade ist aktiv
EurUsd started the year badly, with a break under 1.0350 support.
Now the pair came to retest this old support, now resistance
My outlook remains strongly bearish for this pair
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