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

Short
Euro / U.S. Dollar (FX:EURUSD)  
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FX:EURUSD   Euro / U.S. Dollar
USD (US Dollar)
1
0
usd-us-dollar
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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