FX:EURUSD   Euro / U.S. Dollar
74 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

Related Ideas

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.
+1 Reply
CajunXChange OccultTrader
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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