FX:EURUSD   Euro/U.S. Dollar
123 1 2
It was all looking quite lovely until after the drop I've labelled (a) of 1, and then it wasn't.

The neat thing about it following now into a wave 3 of what could become an ending diagonal is that wave 3 ends in equal time to wave 1 on the next FOMC. The crucial September.

What do have is an abc followed by what seems to be an abc , and the only occurrence of that arrangement after a wave four is an ending diagonal .

(I've just penciled in the most current abc , and intentionally 'up labelled' the possible 1-5 ending wave to make it clearer.)

If it goes substantially higher from here, forget this suggestion and I think we can go with an equally likely much larger B wave, taking it possibly up to the 1.21 area.

But so far, I quite like this 'equal time' idea giving rise to some kind of proportionality.

And the target price 1.0234 or thereabouts would give it equal length to wave (i) in my red alt-count
PS Didn't realize there's FOMC minutes out this Wednesday 19th August.
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