This move may have been a set up for strong sells. I'd look at 0.16~~ as a battle ground as well as the highlighted area on chart. If we do indeed get a failure here, I would expect price to hit the defined target of 0.03413112. From there, it will be a great buy opportunity.
$EURUSD is stuck in a large consolidation. Currently we have a high probability sell set up at 1.147~~. From there, my model has defined 1.13360 as the first high probability target and 1.13017 as a high probability reversal.
Mind the triangle forming here before a large impulse.
See the related idea for a larger picture of what is taking place.
EURUSD created a new top in early 2018 and has since declined. For the coming year, expect price to rally from the current support level and test the previous resistance at TG 2. Whether we see new highs remains to be seen. As of right now though, expect a rally to a minimum of TG 1.
The long term analysis still stands in the related link below....
I recently posted that BTCUSD was stuck in consolidation, where breaking above the resistance would indicated a new bullish trend and a break below would indicate a continuation of the current bearish trend. Here we continued the current bearish trend and how now given way to the two targets identified on the chart.