This is an attempt to look at the larger picture of EURUSD from Y2K. It is not a trade.
With this construct I see
1. EURO heading up with this present minor E wave within the Wedge consolidation of Minor Wave 4.
2. The Euro then to move down in Minor Wave 5 , to complete the Corrective C Wave , and establish the Multiyear Wave 2.
3. This will give way to the next impulsive Multiyear Wave 3 , and Euro to move above the Multiyear Wave 1 high.
With this construct I see
1. EURO heading up with this present minor E wave within the Wedge consolidation of Minor Wave 4.
2. The Euro then to move down in Minor Wave 5 , to complete the Corrective C Wave , and establish the Multiyear Wave 2.
3. This will give way to the next impulsive Multiyear Wave 3 , and Euro to move above the Multiyear Wave 1 high.