Potential extended upward correction !

EUR is still fundamentally in the bearish trend. Anyway, due to weak Europe stock indices we can expect extended upward correction. I have placed Fibonacci expansion and I found Fibonacci expansion 61.8% at the price of 1.1040 and Fibonacci expansion 100% at the price of 1.1250. An important event will be at January 21. Be careful when selling EUR/USD at this stage.