Big Picture Shift: EURUSD Bulls Eye 1.23–1.25 Zone📊 EURUSD – Has the Long-Term Trend Finally Reversed?
Since the 2008 all-time high at 1.60, EURUSD has been in a persistent downtrend, dropping all the way below parity in September 2022.
Following the recovery back above parity, the pair has been range-bound in a 700-pip channel for nearly two years. And while early 2025 brought a sharp decline toward the 1.02 zone, this move was quickly reversed, forming what now looks like a higher low relative to the sub-parity bottom.
❓ The big question: Is the long-term trend now bullish?
There are several signs supporting this idea:
✅ From 2008 to 2014, the pair formed a massive descending triangle, which eventually broke to the downside.
✅ The area around 1.05 held as a long-term support, and price began trading in a broader range with 1.22–1.23 resistance.
✅ The break below parity could now be interpreted as a false breakdown, with the strong reversal from 1.02 this year confirming the historical support zones from 2015 and 2017.
✅ Most importantly, the recent push to 1.1550 could be the first higher high on the long-term chart — a potential signal that the downtrend of nearly two decades is ending.
🎯 Conclusion and Long-Term Target
In my view, the long-term trend has shifted. The structure now favors bullish continuation, and my primary target on the long term is the 1.23–1.25 zone.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
