EUR/USD Trend Exhaustion

Hi,

Anyone can advise me using fibs when price usually makes a reversal? once its broke the 0 level is it 127 or more toward 161?

Thanks.

Price does not reverse because of a Fibonacci number though, so you'd be wasting your time to look in to trading this way.

I think you mean if it retraces more than 100% of the last trend, will it reverse at 127% or 161% of the previous trend. Either way, don't look in to magic numbers too much.