EUR/USD downside breakout, how bearish is the long term outlook?

<p>EUR/USD finally breaks out to the downside and falls to the lowest level since June 2020. Near term outlook is staying bearish and next target is 61.8% projection of 1.1908 to 1.1185 from 1.1482 at 1.1035. The biggest question is indeed in the long term picture. As seen in the monthly chart, an interpretation is [&#8230;]</p>
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