Where is the Euro Likely to Go Next?? Part 3

As per enclosed M30 chart, Euro has retraced about 158 pips from its Monday low, a 38.2% FR and is now resuming its downtrend. But is Euro really going down or will it bounce off the Monday low?? Always good to be prepared!!

For the down trend to continue, Euro will need to close below Monday's low @ 3968 otherwise I would be prepared for a bounce off this level. Meanwhile we still have 80+ pips to play with before reaching 3968.

Good trading to all

George

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