FXtrader_01

FXtrader_01

A take on which direction the EURUSD chart will go. My prediction is that it will continue to push down until it hits the (possible) resistance line I drew (in blue). Based on the pattern in which it reaches the resistance line, it will continue to push down until mid June.

FXtrader_01

In the past year, the chart has never broke through the resistance line. Also the chart shows no sharp declines and I believe it will instead push up over the next few months. Any thoughts on this is welcomed, so please provide input.