EURUSD IS EXTENDED IN PRICE AND NEEDS TO CONSOLIDATE, IT IS WITHIN A CONSOLIDATION ZONE
THEREFORE CANNOT RULE OUT BETWEEN 200-400 PIP CONSOLIDATION AND WILL THEN TARGET 12575 AND BEYOND.
A CONSOLIDATION OF MORE THAN 400 PIPS FROM 11895-12105 COULD TURN OUT TO BE COMPLEX AND INVALIDATE THE UPSIDE 12575 PRICE ZONE.
THIS MOVE IS STILL STRONG THEREFORE CAUTION IS WARRANTED TO THE DOWNSIDE.