We've seen the first impulsive wave down in EUR, now likely in an expanded flat correction, in the middle of its C wave. I think we are very likely to touch 1.1350 and then resume the impulsive decline. I will be looking for an entry point upon C wave completion.
Large picture, I think we've started the C wave of 3 of a very large ending diagonal which started in May 2011 (see attached labelling).
Large picture, I think we've started the C wave of 3 of a very large ending diagonal which started in May 2011 (see attached labelling).
