I was intrigued to look at this Slope post from nearly five years ago which stated:
Let’s notice that a downside violation of 1.2330 completes a massive 4-year top pattern that could “unhinge” the EUR altogether and send it into a vertical tailspin towards 1.1640/50 on the way to parity with the USD — a move that certainly will get the attention of the ECB and the Fed, which vowed to defend the integrity of the EC last weekend.
It may have seemed nuts at the time, but with this enormous symmetric triangle that has been broken (and the Euro plunging anew this morning), we could well be at parity this year!
