EUR/USD has recently relapsed to see a daily close under the 1.1060 Fibo

1.1060 Fibo, a 23.6% retrace of 1.0602 to 1.1201 (April to August) EBS rise

There is scope for a much bigger drop to retest the 1.0972 Fibo

1.0972 Fibo is a 38.2% retrace of the same 1.0602 to 1.1201 gain

A failure to sustain trading under 1.1060 Fibo would signal a "bear trap"

EUR/USD Trader TGM2334. Previous update nL1N3KD07Y