EURUSD support area between 1.161 and 1.171

I've been following EURUSD closely for a few weeks now, and here is my idea: We might be at the end of wave IV - C - 5, which means a new wave 1 could emerge.

• Support area between 1.161 - 1.171
  
• We might be at the end of wave IV - C - 5 ===> Means a new wave 1 could emerge
  

If that will hold valid, a possible entry could be at around 1.171 after the price came back for a retest.