Currency: EUR/USD
Trend Expected Direction: Down
Method: Elliott Waves and Fibonacci Levels
Description: Closing below 1.29037 would confirm wave iv at 0.382 Fibonacci level and I would expect expanded wave v toward 1.618 Fibonacci level at 1.28400. The whole pattern Diagonal or double Zigzag should form toward Fibonacci mathematics. So if trend completed wave (D) at 0.618 or X and consider the lower correction at 0.5 in Minor (b), I would short the pair and hold it toward the following motive wave C.
Recommendation: Sell & Hold.
Target Area: 1.28400
Stop Loss: 1.29370
