I would be VERY surprised if we do not see a bounce from here.....
Check the chart, this is a very early analysis therefore I wouldn't trade it unless confirmation from other indicators, especially as Trump news is everywhere you look!
Simple. We break the triangle, we go up. Keep bouncing on 38.2 Fib recently since the large up move which began November 2015.
Look at the chart, my last prediction was basically spot on. If EUR/USD breaks the channel it's been sat in since the move up from french elections we will go up to test previous support which will now act as resistance!
From leg X to A we have dipped to the 61.8 Fib level. Looking for a bounce from here really to then continue going low.I have placed a trade just below the red line.
Sell to 50% (108.9ish) Fib with a potential bounce to go long back up to previous support which will act as resistance