EURUSD, window dressing

At the end of 2016, the euro fell to 1.04, breaking the last support. However this downward pressure remitted fast and started a recovery to 1.09 today. Some traders see here what they call "window dressing" o technical trap, in this case a bullish signal.

We agree for the short term. The EURUSD is probably going to go up during this year and beginning of next one. However, the situation for the euro some analysts think might be doomed. Fiat currencies are going to suffer, but what matters is the order of the fall. We think the euro goes first.