The Eurusd is currently very near the AB=CD level for the most recent ABC price swing and the 1.618 extension of the initial ABC price swing. We are expecting to find sellers at the 1.280 level as this would confirm that the Y of the double zigzag. Prices may fall to as far as the 1.090 which represents the 50% retracement level for the most recent ABC price swing which also converges with the backside of the down trend line