FIB Projection of potential Bearish Development.

FX:EURUSD   Euro / U.S. Dollar
531 2 4
FIB Impulse Study (which projects a move and levels from
the first impulse) points to a completed leg at 1,3200.
Next target level is 1,3464 which coincides approx. with
the Yearly PP (1,3475) The projections build upon
harmonious Fib movements. It is thus more of a road map
for bearish development than a prediction of were price
will go from this point.
Next level should of course be 1,3464. Don't know how to erase a chart to correct it.
And Yearly PP is at 1,3475
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