EURUSD is in retracement phase of its bull run now. The price is now at 0.38 fib level. Price is expected to bounce from here and have another go at 1.21 level which has prevented the advancement twice. I opened a long position from 1.1955 with a stop loss at 1.1895 which is below the 0.5 fib level(1.1904) of up movement. Price target is 1.2120.