Here is my view on Euro: Euro comprises around 60% of the dollar index So you see EURUSD chart looking like the mirror opposite of the dollar index. I can see head and shoulders pattern that is a continuation pattern of a longterm downtrend More recently, can see Eur has been adhering to a longterm downtrend channel, We are in the middle of the channel now but I do believe that ultimately it will break to the downside and 1 Eur= 1USD in the near future