FX:EURUSD Euro Fx/U.S. Dollar
has formed on the 4-hr., EUR/USD chart. The D point is currently around the 78.6% retracement of XA. This is what I have been waiting for. A nice sell pattern in an established downtrend. Profit Targets are at the 38.2%, 50.0%, and 61.8% Fibonacci Retracements of AD ( 1.1366, 1.1315, and 1.1263 respectively). Happy Trading!