EUR/USD Converging parabolas
Joining the bottoms gives a neat parabolic shape, indicating that the Euro downtrend against the US Dollar is gradually ending. Joining the tops gives another parabolic shape, but not entirely parallel with the Supporting parabola. In fact, the two parabolas are converging. My confidence in predicting that the downtrend of the EUR/USD will continue for some more months will be boosted if the Supporting parabola is breached.
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