EUR/USD – what levels of correction we should expect

The euro breaks below its lowest levels against the dollar in two weeks. Pullback for the EURUSD will continue, with support for the euro expected to be around 78.6% FIB from the primary impulse of 20th February this year – in the range of 1.0956 – 1.09299. With the loss of this horizontal block of interest from buyers, EURUSD is expected to target 88.6%FIB – 1.0858 – 1.0794, where this correction should end.

 Trader Georgi Bozhidarov

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