Greetings.
Let’s take a look at the hourly chart of the EUR/USD. It looks like we may be in a potential Wave 4 of a larger Wave 5 movement.
A first key price to the upside would be:
1.2776
A break above this would lead to more upward movement to complete the 4th wave retracement. We may see the currency pair try to complete its retracement move up with this week’s NFP.
A break of:
1.3266 - would invalidate this forecast.
Once the retracement wave is complete, potential target prices to the downside would be:
1.2200 - and below.
Good luck and remember to always apply your money management.
An overview of the
currency markets by 
