The 50% Fib level is by far the most important ratio for the EURUSD and we should therefore use this in our advantage. I will be looking for a consolidation of this current minor impulse on the 1 hour time frame for a potential buy towards 1.145-1.150.
Ideally we see the continuation out of the 50% Fib confluence zone.
I'm not interested in a sell at the moment because of the structure on lower time frames.
updates will follow.
www. facebook .com/timstuyts