EURUSD is consolidating in our very important support zone .
Also, the market level is exactly at 0.50 of the Fibonacci retracement scale.
A retest of 0.618 is clearly possible before bouncing north and reach our 1st target zone at around 1.152 and then the 2nd target zone at 1.17
Nevertheless, a second scenario is still possible. If we break our support zone , we could expect a deeper retracement at least to 1.12
Also, the market level is exactly at 0.50 of the Fibonacci retracement scale.
A retest of 0.618 is clearly possible before bouncing north and reach our 1st target zone at around 1.152 and then the 2nd target zone at 1.17
Nevertheless, a second scenario is still possible. If we break our support zone , we could expect a deeper retracement at least to 1.12