We have been watching a general version of the pattern on the EUR/USD
Weekly Chart for a long time. The pair has finally dropped all the way
to long term support at 1.2467. Three levels of support converge near
this area: 78.6% of 01, 161.8% of AB, and 1A=BC.
Although the trade idea has already entered, it is still possible to enter at this point if the pair drops back to 1.2467.