EURUSD RETRACEMENT

As EURUSD gained significantly, a retracement is likely is the shown given zone. Apparently that zone is between 61.8 and 50 Fibonacci retracement. Also trendlines also support breaks and contraction. On 21/07/2023, the prices showed really low action. It might be because of huge transaction on 13/07/2023 and after that pin bars are created.
The chart is simple but very sensible when looked closely. Fundamentally, I think lesser US unemployment claims helped.
Most important have reference with DXY.