Key Price Controls Short-term Direction of Euro

Bullish traders will try to defend their position at the Fibonacci price of 1.2945. 

Now that the EUR USD has regained the Fibonacci price at 1.2945 bullish traders will try to defend it. This price is going to be a center of trading activity until one side wins over the other.  Avoid “the chop” and wait for a clear indication as to who is winning the battle.