Would not bet against the underlying trend but pullback risk increasing

Initial Fibo retrace off the 1.1602-1.2177 bull run comes at 1.2041

This backed up by the 10DMA at 1.2019 and levels represent value on adj

Weekly action a little over extended and adds to correction call

Previous 1.2014 peak represents a possible downside limit

Below 1.1923, last week's low, and one-month bull run in jeopardy