The Euro slipped below 1.09586 in last Fridays trades and fell to 1.08786 before bouncing back. EUR/USD has retraced to Fib 61.8 level and is more likely to continue and consolidate before it either breaks out at 1.09039 and continue to 1.09280 or drop below 1.0786 and head down to 1.08606 and 1.08460