Long Term EURUSD Outlook

After what looks like a correction from the downtrend, the euro seems to be continuing its downward trend in impulse wave 3. If the bear flag plays out it will push this pair further down.

IF the EURUSD continues the downtrend, the profit potential is huge.

I have set my target for 1.07 yet there could be further movement through the 1.04 support and towards parity.