#EURUSD Short Term

It seems like EURUSD has been travelling inside a descending channel observed in the daily chart. Notice that it is a very symmetrical pattern where we have two touches already there on both sides. From the looks of it, it seems like price could reach as much as the 1.35 level if the secondary (recent/shorter term) bullish trend is fast enough.

RSI has clearly been making  lower highs thus confirming the trend direction for now. I'd be worried if RSI takes out its 67.87 level on the daily chart.

Long term: there's a KEY trend line that extends all the way back to 2001. The next encounter price has with this particular trend line will most likely represent its kiss of death and price will take an accelerated plunge towards and below parity.
Needless to say that a fully formed diamond top can be observed on the monthly chart thus ending a bullish channel that dates back from 1998.

EURUSD Daily chart: Price inside a descending parallel channel. If secondary uptrend is fast enough, price could reach as much as the 1.35 level.