EURUSD month from 1971. And week. 27/11.2015

Month from 1971. Five waves on upside and on its third wave on downside. The big trend is euro down and dollar up. First R should be the the bottom channel line.
Fundamentally the euro seems dangerous now with the first decision from EU to scrap the Schengen agreement or not. If it is scrapped the whole Euro system comes in to question.

Month since 1999.

Week