2010-09-30_0753_EUR_daily

Lastly in terms of context, notice that we have gone through our first target range from last week, but are nowhere near the second or third targets. There is no reason why the Euro must falter at these Fibonacci areas, but they often tend to. So there is some reason to be cautious that a turn down could just be one of the larger retracements in a move destined for a higher turning point. Time relationships support the idea of a turning point on or around today.