2019 2020 2021 EUR/USD Euro rate Long-term forecast, down to 0.943 (-0.157, -14.27 %)
The Euro is plummeting. I expected the euro to crash this morning and said. I expected the euro to continue to fall in early February and such prediction was not wrong.
The euro, EUR/USD is likely to continue to go down in the future. The support lines will be 1.045 (-0.055, -5 %) and 0.943 (-0.157, -14.27 %). As 1.045 level has very important meaning, they will fluctuate wildly around there. However, I think, they will fall to the 0.943 line.
This is the time when we have to think about how far the euro will fall rather than why they will fall. The reason, of course, the people living in Europe know well. Euro's falling means the US dollar is relatively strong. Is there any reason why the US dollar is strong?
[EUR/USD rate monthly chart]
The euro, EUR/USD is likely to continue to go down in the future. The support lines will be 1.045 (-0.055, -5 %) and 0.943 (-0.157, -14.27 %). As 1.045 level has very important meaning, they will fluctuate wildly around there. However, I think, they will fall to the 0.943 line.
This is the time when we have to think about how far the euro will fall rather than why they will fall. The reason, of course, the people living in Europe know well. Euro's falling means the US dollar is relatively strong. Is there any reason why the US dollar is strong?
[EUR/USD rate monthly chart]