EUR/USD has been on a bullish run lately running into an over bought condition on the daily chart. If you take a look at the 1 hour chart it broke the previous higher low. Plotting the Fibonacci retracement tool, if it hits the 50 percent range it can potentially head lower around the 1.12000 price range. This is the price that my Prediction model shows me. I use a model which analyzes price data to determine around what price we can potentially head towards. Remember to use a rule based strategy to get the best entry and exit points before entering on a trade. please follow and comment!