[EUR] Still strong dollar

In the weekly chart, one of the major currency pair EUR/USD showed the downward trend explicitly. There were some probability of trend switch but euro failed to rise.

New Year began and new market opened. But the turning point of strong euro may not seem in first-half year. The economic situation around currency pair supports strong dollar. Fed already raised U.S. benchmark rate last month, but another central banks in major countries hesitate the decision because the economy situation is under the uncertainty yet. China risk may provoke capital flow into America. This flow will raise the greenback's price.

A lot of participant expect euro's parity against dollar. Euro hasn't fallen under 1.00 since 2002. Besides the technical analysis, depression around the world except U.S. leads the historical parity again.

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EUR/USD weekly chart, source: forexfactory.com