FYI, I'm not a currency trader but I run charts on a lot of different things.
So I'm writing this from technical analysis point-of-view.
Also my understanding of the macro world and geopolitics is shallow. So, I don't know the intricate relationship between EURO and USD.
I'm a technical trader and I mostly trade options.
I just want to share this.
I know that a lot of people are bullish on USD but be mindful of the trend. Technically USD looks a like penny stock that is on a long decline after a pump and dump.
$DXY popped this week however USD has been riding its bearish momentum for months now and its protectory is still trending lower on all bigger time frames (M,W,D). The shaded green area is where it could potentially find support and also reverse.
EUR has been doing very well since May with a nice uptrend despite having a bearish trend in monthly chart. It has cleared a lot of hurdles along the way during its continuing uptrend but it's inching closer to the 200MA on monthly chart.
Indicators: Moving averages, Squeeze Pro, Trend Oscillator, ATR (14), JT Trend