How long can the historically high level be sustained?

The euro rise that began last year has cooled off toward the end of the year, but

has once again been moving to new highs since the start of this year.

With the ECB's exit in sight, euro buying has been proceeding

as it has swollen to historically high levels, and it is very interesting to see how much room for growth there is going forward.

How far it can push higher remains a key question.



Also, since this period coincides with year-end and New Year movements, in the short term

once year-end and New Year movements settle down, there is a strong possibility that the euro, which has swollen to high levels, will

begin position adjustments fairly soon, don't you think?

By the way, on the euro-dollar monthly chart, it is within the Ichimoku cloud, so in the near term

the key point will be whether it can break through the upper limit.



So, how long will the year-start movements continue? Every year, the U.S. President

at the beginning of the year addresses Congress, analyzing the overall state of the nation and presents the government's basic policies,

then requests necessary legislation in a message known as the State of the Union Address,

and the date for that is scheduled to be held on the 30th of this month.



Fundamentally, after this event passes, traders who had been taking a vacation will begin to participate in earnest

and the trend will become more pronounced.

Therefore, movements from year-end and New Year start to change dramatically around this area,

and in the next couple of weeks, most currencies are in a state where sudden shifts are likely.



I wonder how long the euro can maintain its historic high after adoption….




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