The bearish EUR/USD trend continued today. I was expecting that range would last longer than it did, but apparently it was just a very temporarily setback before the pair dropped to 1.1567 forming a new historic low – the pair hasn’t dropped this low since 2003. I have little doubt now that the pair will reach parity eventually but I do have to wonder, however, just how much longer can it keep dropping without a more long-term correction first? Although there are no signals that correction is about to begin, I think it should happen sooner or later. The lower it drops, the more nervous I feel about opening new short positions.