The bollinger bands squeezes on the monthly basis to historical low. Thus, the volatility on monthly basis is at minimum. Periods of high volatility is followed by periods of low volatility. So, we will see some big movements in couple of months. Regarding this analyis, according to my own analysis I believe the EURUSD will fall to 1.116 in one leg.
my opinion is yes it is over, but a nice flag consolidation on lower time frame/retest test of daily breakout, then a breakout would confirm that? Could by the lower time breakout to up side and trade it to that 1.1672 area.