Hello everyone :) This will be a brief overview of the EUR/USD exchange rate. The technical picture for now looks pretty clear. We can expect a deeper retracement to 0.618 Fib and look for the bullish pattern at this level, because if we see the bullish pattern here and continue upward momentum then we will get the head and shoulders pattern on the daily chart (and this is the bullish sign). Therefore, this can happen if technical analysis is followed, but at the same time the price could fall without respecting any fib level, because as we know the geopolitical picture does not look so nice and everyone says that Russia can start an invasion of Ukraine in any moment moment, and if that happens (I hope not, but only God knows) the market will not consider any technical aspects and the market will be in a 100% risk off regime.