pshit.... My bank's euro analysts are calling target for eurusd potentially to break below even the monthly chart 200sma line
Might go as low as 1.18
Reasoning behind is this.
They see post 2008 crisis where fed's in monetary easing had been trading above that monthly 200sma line
With fed looking now to revert to monetary tightening, we maybe headed back to levels pre2008 crisis, which is under that 200sma monthly chart,
Potentially reaching towards eurusd < 1 levels...
In the long term
Might go as low as 1.18
Reasoning behind is this.
They see post 2008 crisis where fed's in monetary easing had been trading above that monthly 200sma line
With fed looking now to revert to monetary tightening, we maybe headed back to levels pre2008 crisis, which is under that 200sma monthly chart,
Potentially reaching towards eurusd < 1 levels...
In the long term
We live in a finite world with infinite possibilities.