EURUSD: Update Setup (European Session)

During the Asian session we have seen a slight consolidation, the ABCD has not yet reached its goal and on the daily chart does not show any overbought. Technically speaking, at the moment we do not see any signal or bearish reversal. The dollar index could confirm that the swing is not yet finished. The nearest support we can see it in area 1.08160, while we find the cluster area 1.07700 and this should limit further declines. The ABCD will reverse only under the point "C".

I do appreciate all views be it a like or comment !

SignalSuisse