In case of a red print in today's Manufacturing PMI, this would be the most likely scenario for me.
TP1: 1.0792 - 1.0800 (Confluence area with 0.5 FIB)
TP2: 1.0839 (Confluence area with 0.618 FIB)
TP1: 1.0792 - 1.0800 (Confluence area with 0.5 FIB)
TP2: 1.0839 (Confluence area with 0.618 FIB)
3