Here we can see a price movement of eurusd since 2008, the highest ratio we've ever had in eurusd... As it is clear, we've had a down trade in a prallel channel since then, and in Jan 2007 we've had our lowest low, since then we've seen that the price couldn't create any lowers low, and one can say that trend is side or even upward...
Now we can clearly see the reversal at the 0.5 level of the fibo channel, which's led us to these 3 months upward trend, now what I expect is the price reaching 1.95, which's been marked until about the end of 2020
Now we can clearly see the reversal at the 0.5 level of the fibo channel, which's led us to these 3 months upward trend, now what I expect is the price reaching 1.95, which's been marked until about the end of 2020