As I expected, 1.16 zone proved to be a turning point for EurUsd and now the pair is correcting the 1.1850-1.1620 drop. I expect this bounce to continue to 1.1750 zone and short term traders could try to buy dips as long as the price is above 1.16 zone. On the medium term, on the other hand, I expect the pair to fall further and reach 1.15 zone