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Short

EURUSD in a 6Y Retracement starting July 2008 - Long Term View

FX:EURUSD   Euro Fx/U.S. Dollar
115 0 1
FIB Retracement drawn from Oct             2000 to July 2008.
Since July 2008 EURUSD             has retraced to 0.5 FIB twice which is also a strong support level. It appears long term the price action it is headed towards 0.382 FIB around 1.3000 handle for price equilibrium.
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