On May 22, 2023 it was noted that the Euro would continue moving higher. Futures trading data calculations indicate the Euro is expected to complete a structure similar to what was constructed during January 2017 to December 2017 and January 2020 to December 2020 by the end of 2023. It is currently in a position similar to where it was on October 11, 2017 and October 2, 2020. A move above 1.14 is expected prior to starting a long decline.
Stock chart courtesy of StockCharts.com.
