At the end of last week, EURUSD showed promise and an indication that it wants to go lower.
After breaking a swing low, I believe it will retest the low it broke, which lines up perfectly with the 1.12800 institutional level, as well as a perfect third trendline touch and a 50.0 fibonacci retracement.
Where will it go?
Well from an algorithmic and institutional standpoint, I presume it will target the stop losses placed under the many equal lows that formed around the 1.08000 level.
After breaking a swing low, I believe it will retest the low it broke, which lines up perfectly with the 1.12800 institutional level, as well as a perfect third trendline touch and a 50.0 fibonacci retracement.
Where will it go?
Well from an algorithmic and institutional standpoint, I presume it will target the stop losses placed under the many equal lows that formed around the 1.08000 level.