EURUSD Is Not Going To Parity

Taking a look at the long term cycles you can see that the market took about fifteen years to create the wave from 1985 to 2000. Here we sit at the bottom of the subsequent cycle after that and you have everyone and their mother thinking that the euro 0.09% will go to parity. This has led me to thinking that the sheeple out there are drinking too much of the Kool-Aid and not doing their thinking. So lemme give a taste of contrarian thinking. It might be a little soon to suggest that we are at a major low, but that is how i'm playing it.
As the analysis on this long term chart suggests, the market is due to put in a low that can last for the next seven years. Once this low is established then you will have everyone denying that it is in a strong position to move higher. With that being said this chart has me comfortable to lean on the long side from a position trading standpoint.
The previous wave lasted fifteen years and the current wave is pushing the calendar to over seventeen years which means that the low is over due. Of course there will be those who don't want to read the writing on the wall. Cycles work suggests that the move to parity is overstated. You can also get a sense for this confirmation by looking at the other Euro 0.09% pairs. They are starting to put in major lows from a long term perspective as well.