EUR/USD Breakout Fully Intact, Dollar Dominance To Wane

The EUR/USD has broken out of a long downtrend. The downtrend started back in 2008 and lasted until 2025. Now the Euro has broken-out against the Dollar. This breakout is likely just the beginning of the move. While the Euro will have pull backs along the way, the breakout signals a bigger shift if global currencies.

This breakout likely tells investors that the Dollar will slowly fade as the reserve currency of the world. While it will take a decade or more, the process has begun.

Overall, the charts say buy the EUR/USD on pull backs.