Once again my expectancy for the EURUSD remains . Downside target should be reched either on 23 or April or 13th of May.
The main thing here is the trendline, well the actual breakout of it. The idea is that market will travel down the same distance from the breaking point down (in our case ) as from the high to the breaking point. So that target is marked as support and it has been taken out, so the downside target is now double of the original. Fib cycles help with the timing