I am attaching 2 charts For the EUR VS USD ( for people who believe charts are a compass for future movements in the currency)
The first chart is a history chart expanding to a 10 years period , on the chart you can notice the trendline and how the EUR falled sharply after it break the line at 1.39 , and it reached a low of of 1.23 (this happened 2 month ago ) , during this month rebound of the EURO , it passed through the same trendline which is around 1.39 and reached a high of 1.47 , however it was not able to hold that level and it drawback to below the trendline as we see on the chart .
the second chart is a short term chart , and we can analyse the following from reading technically the chart:
1) if the EURO is able to break again the 1.40 -1.415 level it will continue its uptrend and reach to its previous high of 1.47 .
2) if the Euro breaks below it is previous low of 1.3840 , it will go down till the 1.35 level and maybe below that .
The first 2 weeks of the new year will tell us which option is the correct one .