On EURUSD the correction is not done yet. If we are going to have a look on the Elliot Wave Correction Pattern we can clearly see that we started Wave C. This Wave will bring us down to the weekly Support, exactly at the 0.382 Fib Level of the monthly impulsive. Afterwards I do expect Wave 5 which will bring us to 1.2400
That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.