Euro Currency Bull Market… Ready To Launch In 2021?

euro currency new bull market breakout higher analysis image december 17

The Euro has been mired in a down trend for the majority of the past 12 years, creating lower highs and lower lows inside of a falling channel.

This down trend is marked by each (1) in today’s long-term “monthly” chart of the Euro currency.

Is the long-awaited bull market in the Euro about to take place?

The Euro has created higher lows over the past 4 years at each point (2). And even more bullish is the fact that strength in the Euro has lead to an attempted breakout this month at (3).

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Big spot here for the Euro and all traders and investors that follow the currency markets. If the Euro is to create a new trend higher, its first big hurdle will be to climb above its 2018 highs at (4). Stay tuned!

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