EURUSD: 1.618 Fib Rejection...Retracement Might Occur!!!
There will be 2 Fib Level which I have drawn. Looking at the red fib lines, we can see that potential retracement can happen for EURUSD at this level. There is also a support level @1.2015 which I will expect a retest at that level before further movement. If we refer to the blue fib lines, we can see that the 61.8 fib level is definitely a potential target for us to achieve. As of now, I see a good BEARISH retracement from here.
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