EUR/USD potential path in 2018Last year, I post it in TW version. Now, EUR/USD break the downtrend tunnel , which prove I am right: still bullish in 2018. Why and How?
EUR is more likely testing support 1 before it break resistance 1. It's also test the old downtrend tunnel.
If we observe weekly chart, we could a tunnel from 2015-2017, EUR/USD broke it and test it successfully! Using the weight of tunnel as the target of EUR in 2018, it could be around 1.3000. However it think it's a long-term target in the next two years
1.2400 will be a very important price level in 2018. The downtrend line from 2008-2010 will challenge EUR trend. Also it's the bottom line of a big triangle.
What's more, view it through harmonic pattern, if price reach 1.2400, it could form a butterfly pattern! B is 78.6% of XA, D could be 1.272 times of XA. Hence, 1.2400 should be on your screen
usdollar already formed a head and shoulder pattern. Not a good future for it
Let's wait and see in 2018
good luck!
