On the Daily chart
, is consolidating the figure Bearish ABCD
which makes us assume that the descent of the euro-dollar is likely to continue in the medium term. In today's day, the euro
area retested 1.3064 (0.382 Fibo) and then descend again and touch the intermediate support ... If the euro
stays below 1.3064 area likely to continue to fall until the next Fibonacci level, for then go on to test the neckline of the figure head and shoulder and test finally, the weekly support ... Only with the breaking of the neckline think we could see the euro
lower in area Target wave 3 ...