EUR/USD long term analysis

As you can see at the attached EUR/USD weekly chart – the EUR/USD is creating a huge W shape with a long term target at around 1.6 (previous record).

Its major support level is at around 1.46

At the moment – this currency pair has found a resistance at the 09/2008 high of 1.485

Going up above this level will accelerate the Bullish momentum and will set the short term target for the EUR/USD at around the 1.52 level.

Thanks for starting this thread. I am looking for more such analysis from you. keep up good work.:clap:

It may be quite hard to reach the top of the previous mountain, saying 1.6.

In my opinion, it may turn into a long time descending way after reaching the pressure around 1.55.