The EURUSD is completed and selling at discount right now.
The red line represents the year-low as well as low of the 21st century, and is a MAJOR level.
This level is in line with the of the AB move which is usually a good indicator on where price is going to go.
If we close below these levels we could see a major move to the downside.
I am reluctant to get involved on the long side just yet.
If we can push lower and get some price action signals, I will get involved with less risk. The lower 500's with price action would probably get me involved in this .
Will be watching this closely.