I made a chart with fibos leves of every important wave on 1D and find this...
1. Price must find a strong resistance at 88.6% (1.37625) and could go down to a Strong Fibos confuence at 1.27329/1.2840.
2. Price could go UP to 100% (161.8% previous level) at 1.3840 and then down.
3. Price could go UP to 127% - 261.8% previous levels in the zone 1.3975/1.4013.
Only time will tell which way is right.
Cheers
1. Price must find a strong resistance at 88.6% (1.37625) and could go down to a Strong Fibos confuence at 1.27329/1.2840.
2. Price could go UP to 100% (161.8% previous level) at 1.3840 and then down.
3. Price could go UP to 127% - 261.8% previous levels in the zone 1.3975/1.4013.
Only time will tell which way is right.
Cheers