FX:EURUSD   Euro Fx/U.S. Dollar
73 2 0
If the ab=cd doesn't provide support at the 1.41 and 1.618, then I expect the pair to drop to 93 before rebounding. Long shot but pattern is there

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CajunXChange
EURUSD
CajunXChange about EURUSD a year ago
OccultTrader
2 years ago
You may also see the Cypher which has already completed to form. Expecting the reversal zone isn't straightforward, and a detailed risk analyses is needed. Chances are one of the previous support levels around 1.0754 may work in the near future again. In such a case, we should expect at least a 0.382 reversal to the final downward leg.
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CajunXChange OccultTrader
2 years ago
Which is why I have the retracements from the bc leg posted. This all depends if 1.41 and 1.618 doesn't hold.
Furthermore, from a fundamental perspecrtive, Greece is bankrupt and will drag the Euro lower. Price may rebound in the short term but the bears are in control.
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