DCHF - The Euro Has Been Bullish For Years As Recent EUR/USD Strength Proves Belated

• EUR/USD has most recently conceded some of its new-found strength this year. Some are therefore questioning the euro's new-found strength.
• However, history and data show that the euro has, broadly speaking, performed well since its inception (in spite of euro skepticism).
• The collapse of global interest rates this year has helped position the euro as an alternative to the U.S. dollar.
• In the longer term, the euro still appears probably undervalued and could continue to appreciate, possibly even against USD (more so than it has).
• I would not give up on EUR.

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