As I said last weeks...EU also climbed above Fibonacci 618 and closed above Fibonacci 0.5 from where even if it climbs to the 1.20150 area ... it will have a 40-50 pips rejection and then ... UP again

THIS WEEK...exactly as I said last week EU dropped 40-50 pips and climbed above the Fibonacci level of 0.382!
Depending on the USD situation next week, the EU may test the 1.20500 area again and from there ... UP again to 1.23500
However, a close even for 1 day below 20,500 will mean another SELL to the Fibonacci 618 area and ..

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EURUSDTrend Analysis

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