EURUSD-1.20/-. This also seems to have formed a triangle from 2006 onwards and it took nearly 8 years(a fibonacci) and seems to have just broke below the B-D trend line indicating we might have started the down move. also note the EURUSD has moved below the 200 month EMA in Dec 2014 first time after june 2002. Such a long period indicates that EURO is going to depreciate against USD. As its a triangle formation over 8 years the target should be generally the length of the longest wave which 0.44 so we should have a target of below 1.00 easily incoming months if EURO fails to move past the 200 week EMA. Strength of DXY in clearly showing off in EURO and it seems that we are in for a big fall will it happen now lets wait and see.

May All be Peaceful and Happy
Mahiidar M
Enjoying Life
Trend is Friend.