If we take a good look at the hourly chart we can see a 61.8% fibo retracement (wich indicates C) measured from the 1.10500 to the low on 1.0800. Indications are that the downside target (1.05100) still intact wich also matches up with the long term bearish movement to the south! My indicators and fundamental analysis point to a nice big walk to the downside. (long term target 0.98520 area). we can also see lower highs from the retracement top (1.09470) and the next lower low still to be made. a minor sign of channeling down on the intaday. Good luck to al traders!