Are you looking for the real reason behind the massive declines we've seen recently?
The answer is 2 words = Interest Rate.
The US is going to keep on raising it and investors are looking for save haven that pays sure dividends ... so the US Dollar that everyone has buried in the last decade is outperforming all the Cryptos, and soon the EUR/USD will hit a parity (it's $1.25 now, it won't stay like this for a long time).
History always repeats itself, one way or another.
LOL. EUR/USD has discounted long ago, pathetic rises of US interest rates, and overvaluation of USD, was just too damn high.
Current valuation is fair, USD was too expensive.
There is much more probability, that EUR/USD, will reach new heights, with recovering EU economies, which, if fully recovered, can perform quite well.
Slowing QE and in future stopping will strenghthen EURUSD in the direction of 1.3-1.35