After the strange fall of recent weeks, the euro has received a reaction from the demand area of the weekly chart.
However, this area has criticized existing orders in the past. On the other hand, in the weekly time frame, the price is moving in a downward channel, the bottom of this channel shows the value of the euro-dollar parity at around $0.90 per euro. #OPINIONLEADER#
If the following two events continue, the said scenario and price are likely to occur:
1- The continuation of contractionary policies of the Federal Reserve, will lead to further strengthening of the dollar ( DXY index).
2- The continuation of the economic crises of the Eurozone countries and the ineffectiveness of the monetary policies of the European Bank
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