EUR/USD history channel

An analysis of the history of the EURO and its trend against the King Dollar.

Euro was introduced in 2001 in the Eurozone countries, anchoring itself to the price of the previous German mark.

In the EUR / USD Monthly chart of the last 20 years we can see how this new currency has behaved.

From 2001 to 2008 the price rose by 80% and then fell into a descending channel where from 1.6 it returned to par with the dollar.

Graphically we can see that we are on a maxi support never tested before which would be the last since the creation of the single European currency.

The various economic and political vicissitudes in Europe have certainly been a brake on the strength of the Euro , but it should be noted that the trigger was that the Dollar strengthened against all other currencies in the world since 2008 onwards after the intervention of the '' QE '' by the Federal Reserve .

Currently the FED has raised rates and made the dollar more expensive for a few months to fight inflation rates and the ECB has only now started to raise rates which were stuck at 0 by half a point 0.5%.

The support touched the parity price and the increase in rates could be the key to a change in direction of the Euro that will return to gain strength on the dollar. #OPINIONLEADER#