I believe that EURUSD is still in a corrective structure and we are about to see a significant drop before we see a continuation to the upside.
Price has pulled back to the 78.6 and 86 fib level. The D extension in this instance is the -0.18 and the -0.27.
I believe we could see price make a deeper retracement, potentially to the 61.8 on the daily, that would bring us to 1.13.
However, we could see price continue to the upside from the D extension.
Anticipating a 613 pip drop.
Price has pulled back to the 78.6 and 86 fib level. The D extension in this instance is the -0.18 and the -0.27.
I believe we could see price make a deeper retracement, potentially to the 61.8 on the daily, that would bring us to 1.13.
However, we could see price continue to the upside from the D extension.
Anticipating a 613 pip drop.
