EURUSD bellow MA200

On the daily time frame, we can use Fibonacci retracement levels. The first thing we see is that the pair made a break below the 23.6% level at 1.19500 and continued down to 38.2% level at 1.17000, where we can expect potential resistance on the chart. We also have an upward trend line below, and as the pair gets closer, we can expect it to slow down and do some consolidation at that level, asking for support to start the bullish trend again. For something like that, we also need the support of at least MA20 and EMA20 moving averages, but for now, we don't have that.