Maximum duration
Estimating that from 2002-TODAY EURUSD seems to belong fundamentally (based on price action) at 1.40, quote August 8th 2019 1.1193, a 25% (1/4th) difference. Leverage 100X reminder.
Based on more technical chart analysis upside would then probably be limited to around 1.30, a 16% difference from today’s quote (11.93). (Reminder 16% times 100 leverage is 1,600%, (16X equity profit) based on 100X leverage).
EURUSD bullish outlook
Support levels from 2002, 2005, 2009, 2010, 2012 and resistance 2018 indicate 1.20 is probable in a 1-5 year time-frame.
EURUSD buy target 1.16 from quote 1.1193, a 3.6% difference, looks likely in a roughly 1 year time-frame.