We also have a of the previous move down, which is usually an indication of a trend continuation. If we see an equal move down (and form an pattern) we might end up closely to the April 2015 lows around 1.0550s, aligning nicely with the 161.8% extension of the AB move.
Edit : forgot to define entry, SL and target :
Entry : limit order 1.0657
SL : 1.0710
Target : 1.0560
RR Ratio : 2:1
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