EURUSD FIB extension complete, expect the price to back up

EURUSD had completed it -61.8% FIB Extension. What I expect the price is it may go back up to 1.0820 level, the key level 1.0500 is a strong support area that hold the price very well in the past.

Another reason is the price was decline way too much, it may need to pull back, it the price break 1.0820, then it will head to weekly key level 1.0975.

This is my prediction for EURUSD. Will need to be patience for now.

Trade ativo:

Trade fechado manualmente:

Having strong momentum to downside, close it manually, will consider to go back in depends on the price action