Most people are looking at eurusd
and see a triangle, while not invalid, i prefer the double three (wxy) count suggesting higher prices for now at least. I base this on the blue trend line
, which has been broken and retested. After this corrective wave is finished, price action will have to be watched to know if this is part of a bigger correction up. Look for 1.17+ in about one month. Time study for waves say that the 3th leg in a corrective pattern takes half the time as the first and second wave combined.