Against 1.1750 and the upper boundary of the wave (v) channel we'll keep our focus on lower. Preferably for the wave ((3)) of iii forecast EURUSD will end up accelerating through or from the wave ((1)) low of 1.1675. The dashed red lines show that wave (v) may also be taking the form of an ending diagonal so if we don't get the extended third wave associated with the impulse pattern that will add more credence to this ending diagonal alternate.