My FIRST PUBLISHED IDEA it is long until pattern will be finished around 1.19 - 1.20 (PZR) and then after 5 will be finished, short until the parity.
There is a Gap that I can not see in my trading platform, but if it is real, make more magnetic the 1.20 zone.
Also there is a Channel that possible will finish at PZR.
AB=BC and ab=bc Converged at PZR.
NOT sure if it is a but 1.27 XA Projection and 2.24 converge at PZR.
The 1.27 Projection Wave 1-3 converge at PZR // possible wave 5 end.
From the PZR it is possible project a mayor #AB=CD# that converge at Parity 1eur==1usd.
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While the price does not close under 1.10768 I shall consider a valid Wave 1
--The price were rejected twice at 1.11000
I am not expert, 'I am going to the school with this idea, but it is what I can see; Who knows what the future will bring
I think the impulse you labeled is actually an expanding triangle, part of a new structure. The character of it is very different, the sharpness is notably different than any up move before.
Depending on the rules that you use, you could count it in different ways, but overall the verdict is that it's bullish for now.