EURUSD (1971 analysis) - 23% Crash will follow!

Xanrox Updated   
FX:EURUSD   Euro / U.S. Dollar
EURUSD has been in a long-term downtrend since the financial crisis of 2008. On the chart, we can see that EURUSD started its downtrend at the top of the major rising wedge chart pattern. The rising wedge pattern broke bearish in 2015, and the price retested it in 2018. Since then, the price has been going down and has broken another trendline (2000 - 2022), which is a double breakdown. Right now, there are absolutely no signs of strength on this chart, and I expect a pretty severe 23% crash in the next years.

Does it mean that the DXY index will go up? Definitely yes. The downtrend is confirmed, and from a technical perspective, there is currently pretty much nothing bullish. How to take advantage of this analysis? What you should consider is to avoid long positions and focus on short positions instead to increase the probability of successful trades.

So what are the next major support levels on the way down? I don't really see any major support until 0.87617. This is a strong level because it's the POC (point of control) of the previous mini triangle that was formed during the years 2000 and 2002. I am expecting a pretty strong bounce, but this will probably not be the bottom. The next support is at 0.82311 because this is the major swing low of 2000 and it provides a lot of liquidity. A lot of traders may capitulate around this level. Big players can take advantage of it and buy EUR with a large amount of money.

Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
We also have a descending parallel channel on the monthly chart. The price is very bearish now, and we have a strong resistance above us. Currently, the expectation is a continuation of the downtrend!
Expect negative news for EUR soon.
EUR can drop 5% in a single week, make sure you are prepared for it. The crash is starting.
The DXY index will rise again, next analysis will be on the DXY index, make sure you follow me!
It's happening, all moving averages (20, 50, 200) are above the current price, which is not a good sign. Only 100MA is below, but this one is weak.

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