Long Term EURUSD - VERY UNDERRATED

Welcome back to the greatness of technical analysis.
This time we are looking at a EURUSD 1 month chart since 1994. In this timeframe we are able to capture all the movements, supports, resistances and patterns formed over time.
Prices came from a S-H-S pattern that broke the collarbone line, leading to a more than 5 years of dawnward trend. Until 2001, when demand got in the market, starting to form a triangle that broke in May 2002 which led us to the all time highs in 2008. Since then prices have been fluctuating a lot more, forming a few resistance and support lines marked as grey rectangles. During this time, the 200 SMA holded the prices very well, unti lit broke to form a very short but powerful accumaltion pattern where prices managed to form a spring where demand bought the short overextended sellers. And since then, prices got in a narrower triangle with already 3 out of 5 Elliot waves formed.
We are looking prices to get sideways for a bit longer until it breaks the triangle, it won't be considered a successful break until volume confirms the current trend and the 200 SMA gets under the price and under the 50 and 20 SMAs.

I hope you got some useful insights that hopefully will make you a better trader and analist.

Have a great day!