theangelwing
Short

Possible target

FX:EURUSD   Euro/U.S. Dollar
446 0 0
possible downside target would be somewhere around 1.286 where an uptrend line meets 1.272 fib. level

I use this 1.272 fib. level as a test support/resistance if the price bounces at 0.618 (61.8%) fib. level and a possible target if the price bounces at 0.382 (38.2%) fib. level.

for most MT4 user might not fund this value in fib. retracement tool.

just for information 1.272 is actually the square root of 1.618.
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