I believe, that in near future, there will be some event, that will cause, that dollar will be the strongest currency for next months/years.
However I am also aware, that this chart of EUR/USD is one of the ugliest charts ever (even some shitcoins in crypto have better structures) - right now, there are so many possible macro counts on EUR/USD and I could be easily wrong with my analysis, but this count makes the most sense to me :
I think we are currently finishing corrective wave and after this wave is finished, I think we will see very fast and impulse move to the downside, which will be the 3rd wave in current downtrend macro cycle.
Price of EUR/USD is going moreless sideways for 5 years and because we are already 12 years in downtrend, I will follow the dominant trend and I will be ready to SHORT EUR/USD as soon as we finished this small cycle to the upside.
If we hit invalidation level, then my analysis is wrong.
However I am also aware, that this chart of EUR/USD is one of the ugliest charts ever (even some shitcoins in crypto have better structures) - right now, there are so many possible macro counts on EUR/USD and I could be easily wrong with my analysis, but this count makes the most sense to me :
I think we are currently finishing corrective wave and after this wave is finished, I think we will see very fast and impulse move to the downside, which will be the 3rd wave in current downtrend macro cycle.
Price of EUR/USD is going moreless sideways for 5 years and because we are already 12 years in downtrend, I will follow the dominant trend and I will be ready to SHORT EUR/USD as soon as we finished this small cycle to the upside.
If we hit invalidation level, then my analysis is wrong.