History tend to repeat itself

The US dollar appears vulnerable to further declines, given the data suggesting an economic slowdown, possibly even a mild recession. This could potentially drive the EUR/USD exchange rate towards the range of 1.15 to 1.23, with the outcome depending on the performance of the European Union in comparison to other major economies such as Japan and the United Kingdom. Notably, the UK's management by Rishi Sunak and Suella Braverman has raised concerns about its economic status, possibly warranting a classification as "junk."