Price was contained between 2014 and 2016. At the beginning of 2017 we made a false break to the downside. This created a fast move to the upside. Price broke out of the consolidation range, and retested it in October and November. We have since rallied in December, and finish 2017 with a tone. None of this is .
It looks as though the EUR wants to test the longterm down . This comes into play at around 1.25. From there, we can roll over, or break free to test the next level - longterm resistance at around 1.35. Interestingly, the move on 2017 suggests a measured move to a similar level. But this may be getting too far ahead.
For now, we can say that a test of 1.25 is likely for the EUR in 2018. Also check out the in the . This is a clue that things could be getting interesting.
I'm flat, looking to long.