EURUSD - Structure/Trend

26. Jan. 2018

EURUSD has been in a monthly downtrend since 2008 and after an amazing rally by the euro in the second half of the year of 2017, we can now look for selling opportunities in a bid for the recovery of the US dollar. this could be a potential year long trade to the downside. US tax reform may get things kicked started for the dollar, as Mario Draghi does not see and chances of the European Central Bank (ECB) increasing interest rates in 2018, resulting in a less attractive euro for 2018.