Goodday fellow traders/analysts.
Nothing goes up nor down forever. Price-action has found resistance at the exact same levels as the previous support(purple/pink solid lines). Which happens quite often. Supports turning into resistance once broken through and vice versa. This is pretty much textbook TA excpectations. So yeah, unfortunately the bearish trends will continue as predicted, technically and fundamentally. Next target will most probably will be in the 87cents region...
Which is gonna suck a lot for us due to our current monetary system. Even if they stop printing money. It is already too late. They should deflated a long time ago. Which is called a "beautiful delevering". However, we've passed the point of no return. The only way of saving European countries from economic collapse, is leaving this sinking ship so called, the Euro or the European Union. After 2 decades It's time to accept that we failed. Devaluate our economies, so we can finally continue developing our civilization.
Nothing goes up nor down forever. Price-action has found resistance at the exact same levels as the previous support(purple/pink solid lines). Which happens quite often. Supports turning into resistance once broken through and vice versa. This is pretty much textbook TA excpectations. So yeah, unfortunately the bearish trends will continue as predicted, technically and fundamentally. Next target will most probably will be in the 87cents region...
Which is gonna suck a lot for us due to our current monetary system. Even if they stop printing money. It is already too late. They should deflated a long time ago. Which is called a "beautiful delevering". However, we've passed the point of no return. The only way of saving European countries from economic collapse, is leaving this sinking ship so called, the Euro or the European Union. After 2 decades It's time to accept that we failed. Devaluate our economies, so we can finally continue developing our civilization.
