Monthly EUR/USD has continued to look like a correction wave. Price has hit resistance at downtrend line as well as Fib retracement. (w), (x), (y) formation should be finished ending wave 2 of larger Y correction. Wave 3 of larger Y should increase in in next several months. I have turned slightly more and await . If EUR/USD continues to consolidate we could see one more month of upward movement. Fundamentally, European numbers have improved slightly, however underlying numbers as well a overall GDP numbers remain sluggish at best and the belief that ECB President Draghi might have to implement more measures to help halt Euro upward could be in the near future. Monthly chart I remain Neutral with slightly more steps.