Bleck

EURUSD at an Interesting juncture

FX:EURUSD   Euro/U.S. Dollar
82 1 3
My current working assumption is that we are in a very large triangle consolidation since March 2015 ! This week brought the Euro             back to about 5 pips from my C green wave !!! This labelling is still valid unless euro             breaks above the top of wave A green (1.1714). IF my count is the operating one THEN Euro             should start very soon to go down to the 1.08 - 1.10 area !
IF euro             breaks above 1.1714 THEN I will be looking for an ending diagonal for wave C green ( overlapping waves in 3's) which could take us in the low, mid 1.20's
Any feedback and comments would be very much appreciated. Best regards
Nice chart.
Your wave analysis is still valid?
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