EURUSD has reached the 61.8 fib level of our wave. Price appears to be slowing down and is holding above the 1.06400 major psychological number. I am waiting to see some sort of reversal signal before I pull the trigger. This trade will be a textbook ABCD swing.
I would like to see price break out the channel I have drawn on the chart and start changing direction and showing me some momentum to the upside.