For EURUSD I expect the 'Brexit' referendum to be the next signal (if there won't be any crisis before that). This is not a forecast or projection but it all starts with scenario analysis for me. In June we have that referendum and with the market being unsure what to make of the FED and its rate policy (hike or not or maybe even cut) and the ECB running out of tools, this sideways price action might continue a few more months. If we see a 'No-vote' in UK I expect the EURUSD to complete this structure on the daily time frame and therefore a triangle formation. Once that formation is completed we most likely see a continuation of the major trend, which is .
In terms of trading I will be looking whether this triangle formation will be correct by means of break and move towards 1.11 and 1.08. I will therefore be looking for a break, smaller impulses and consolidations on lower time frames for at least a 3 wave move lower.
I will therefore update this post more often when I see that becoming valid. If however EURUSD decides to move higher again I have to adjust to my other scenario which I posted before. Which is a W-X-Y complex corrective combination to be in progress.
updates will follow
Updates will follow but it looks good so far for the bearish break.