PropNotes

BIG PICTURE EURUSD situation

Kort
FX:EURUSD   Euro / USA-dollar
I've been looking through some longer term charts for the majors recently, and this one stuck out to me. The euro and the dollar have been trading in a giant wedge for the last two decades, and we are approaching the bottom of the wedge as we speak. I think that there will be a massive short opportunity As/if the pair breaks below the wedge, as the U.S. economy and inflation continues to run under E.U. growth and inflation. We may bounce off of support, but I don't really want to be long the euro under any circumstances.

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