EURUSD correction

FX:EURUSD   Euro / U.S. Dollar
EURUSD             responded exactly at 50% retracement from 1985 Low to 2008 High

A channel can be traced from 1978 High - 1985 Low - 2008 high.
Channel middle line has served as support in previous years.
Target for correction would be this middle line @ 1.2160
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