EURUSD Monthly

My model show long term trend started in May 2002 when euro was at 0.9. Clear breakdown started in May 2005 with breaking of 2730. Then it met a major support at 1650 and bounced back to 2980 in May 2006, where major resistance comes. Now it is pointing to 2370 and 2100 as majors supports. On a breach of lower barrier targets a fall towards 1.06.
Monthly model is most clear to be right now and very coincides with long term USDCHF chart.

Funny magic of 555 months comes here.