Analysis of very long-term trend (megatrend) 💷Euro to dollar💵
According to the latest technical observations of the 50-year trend of the Euro, which is considered an important indicator of the European economy, especially compared to the American economy 🇺🇸👇
During the years 1970-2008, after almost every 10 years of the rising trend of the Euro, we have witnessed 5 years of stagnation and the decline of the Euro, and probably, in contrast, the growth of the American economy in those 5 years .
But this 40-year upward trend is almost a 5-wave
From 2008 onwards, until today, there has been a fall, which indicates that the positive trend of the euro to the dollar is turning around, maybe even for a period of 30-40 years, 15years have passed since then.
The last blow to dollar against the euro was shot in January 2015 with the breaking of the important 45-year trend line, and since that date, the euro tried to recover the trend line twice in August 2015 and February 2018, but failed both times .
The short-term and even mid-term trend can show 100% against this analysis
Mid-term and short-term trend analysis will be sent to VIP channel members in the next post