EUR/USD is in a HTF downtrend. We had a massive sell off from 1.16850 with lows being reached of 1.15135. Drawing my Fib Retracement i am currently looking for a sell entry @ 1.16245- 1.16250 which aligns with the 0.618 fib. This area is also a massive rejection zone on multiple HTF's making it an area of interest for me. Price may drop before reaching this area...
It's not yet time to trade it, but definitely to watch it: the Eurusd may actually be about to end its weekly correction. Considering that the monthly is in a downtrend, a continuation of this downtrend may unfold on the weekly soon.
