The Euro is under major monthly support

Euro / Dollar Parity is in the news, but honestly this currency can go much lower after a minor bounce. Any test of 1.04-5 is an objective short on the euro. Targets are .70 and .55. I know that seems improbable, but the fibs and descending triangle pattern are pointing to those kinds of levels. You can check out what I say about the dollar which I've been bullish on since it was in the 80's.