The EUR/USD bounces from the 61.8% Fibo

Today we had the CPI data from the United States, along with the retail sales numbers, which all came out better than expected, causing the Dollar to strengthen versus the Euro and it seemed like the pair was going to continue falling further during today´s session. But we can see on the daily chart that once the price got to the 61.8% Fibonacci retracement, it bounces from that level rapidly to the upside. The long lower shadow on the daily candle is showing us that the buyers came into the market with force. At the moment, the EUR/USD stalls at the 50% Fibo, around the 1.0588 level, but if it continues rising, then the 38.2% or the 23.6% could act as resistance. To the downside, the 61.8% could act as support, but a much important support could be the 76.4% Fibo at the 1.0456 level.