EURUSD may be forming an ABCD chart pattern. According to the formation, a reversal is to be expected from the point “D”. But the “D” can be one of three levels. Equal “D” is pointing at 1.2181, classic “D” is pointing at 1.2206, and extended “D” is pointing at 1.2246. Today EURUSD may turn to the downside from one of these levels if the formation works.
