FX.co ★ EUR/USD

Hello traders, EUR/USD retreated over the weekend. The price formed a specific peak at 1.1620 and dropped by 50 points. I want to see what will happen next. At the beginning of this week, I had a plan for the price to continue falling and reach the 38.2% Fibonacci retracement level at 1.1370. As can be seen on the chart, it made a pullback. Intraday, it was a correction from the last downward wave. This correction ended at a key level and was broken through. EUR/USD paused, and now it's not very clear what the pair's plans are. I think that the price may decrease to continue the bearish trend, especially since there is a target level of 38.2%. The pair turned downwards from a blank space, so there is still room for further decline.