Euro Retracement Part 1

As most of you may remember, a typical retracement is 50% and 61.8%. We hit 38.2% yesterday and as the market still looks a little bullish so we may continue with consolidation or an uptrend for a little bit. However, position/swing trades should not be concerned by this correction but if the uptrend were to surpass all the fib retracements then the position would need to be reconsidered.
I would not advise to open any long positions based on what I have said as the uptrend is too limited.
Once again, the correction at or around pivot points or main fib numbers are good areas to open your orders.
Remember, the trend is still down.
No chart attached as nothing much has changes since last night.

Best of luck.