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.
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.