EURUSD is currently sitting at a key fib level. This area has been watched as a level for profit taking. In the large picture the area could very well be an area that the market pivots or makes a correction for a move lower. Keep an eye out for the 1.0121 and the parity level at 1.0000. That fib range has a much stronger cluster which should cause a very trade able reaction.
We had our minor reaction at the current fib zone and were now making our way to a much larger one. this next zone is close to the 1.0000 level. stops should be below that if trading this area. better be safe with such a major number as that.