Here on the Zoomed out H4 timeframe, we can see that price has just had an impulsive move to the downside. When we get a good solid move in one direction, we should be expecting a correction of that move. With our fibonacci tool, expecting that price will halt where my projection is, we can see that we have an area of confluence where our 382 level and our key level reside (Blue Ray). I believe that the Euro has potential to move further to the downside seeing that the Monthly / Weekly timeframes are both in their moving averages zone (we know that price moves away from the averages and pulls back to the averages over and over again until a change of trend / break of structure), i am interested in getting short when the H4 lines up but of course not before we get a correction. Stay on the lookout.