Like i see we are in an descending triangle since 2009 We broke the 200 and 100 Monthly MA and after retesting them we got rejected so we may go to around 1.05 area in next months.
After getting to the global support area 1.05 i expect a pullback to the trendline around 1.10 and then we will see a further down move and i expect in 2-3 years to test the 1.0000 fib retracement level.
Of course all of this is a technical analysis perspective,but the fundamentals are important also so i just wanted to point it out here my overall idea about EURUSD on a monthly chart.
-CryptonikLion
After getting to the global support area 1.05 i expect a pullback to the trendline around 1.10 and then we will see a further down move and i expect in 2-3 years to test the 1.0000 fib retracement level.
Of course all of this is a technical analysis perspective,but the fundamentals are important also so i just wanted to point it out here my overall idea about EURUSD on a monthly chart.
-CryptonikLion