EUR/USD Will we see a rebound soon? ZOOM OUT WEEKLY

EURUSD

If we zoom out more to weekly chart we are actually approaching a 32% re-racement from March 2020 low to its recent high. Will we see a rebound and what would be the catalyst that will reverse the trend for the EURO? Will it be the Jackson Hole ? A pause on hawkish tone? The covid variant?

Personally i would be looking at the 50% to 62% range for entry if it falls there.

Whats your thought?

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just a quick note reverse the fibbo :)