Hi let's have some view during this weekend Looking into minor waves of a 60 minutes chart, all the latest movement seem very corrective. (three wave moves). So, this can be two cases. case1: The correction is end with a Single Zigzag pattern at about this Fibonacci level of 61.8%. If it's this case, we suppose this move to be a fourth wave, so the price must not overlap the first wave. See what I mean here, orange colour But this is less chance now as it move too deep. case2: The short-term up move is already done and it's heading down. We've to see a bigger picture, in 240 minutes chart, you'll see that there is a possibility that EURUSD will make a triangle move. (A,B,C,D,E) And, it's already have the C wave completed. So, we'll see another three wave move down to wave D. See More Free Daily Update