How far down can the ongoing bear market of EURUSD be expected to go?
On the corrective sequence [ A-Triangle B-C ], which has been in progress since July 2008, the wave C of primary degree, as the last subsequent is probably completing.
A close fibo-expansion target for the extreme of the wave C, could be around the 1.0283, where establishes an equality ratio between the waves A and C of circle degree.
Elliott Chart 