Two Lies before ParityEuro / U.S. DollarFOREXCOM:EURUSDKokokokoloFirst lie: Hormuz crisis is over and everything will be fine. Everyone knows that realistic best case estimates will need months for normalization. The biggest energy crisis the world has ever seen has just begun. Second lie: ECB can afford to remain hawkish. It cannot. Recession if not depression is knocking at the door, as evidenced by terrible PMI contraction and sentiment data. The result? Crash to parity. Technicals are in a good place for this to happen, too.