It is possible that EURUSD is in a large WXYXZ correction. Monthly time frame.
We finished WXY and now the C of X is underway or we could be in wave A of Z already.
The C of X has hit the 1.414 of A of X and if it wasn't enough then another jump higher to the 1.618 ratio
or even to the trendline resistance is possible.
The Z could hit below the parity once unfolded.
Red arrow or blue zigzag is the alternative scenario.
We finished WXY and now the C of X is underway or we could be in wave A of Z already.
The C of X has hit the 1.414 of A of X and if it wasn't enough then another jump higher to the 1.618 ratio
or even to the trendline resistance is possible.
The Z could hit below the parity once unfolded.
Red arrow or blue zigzag is the alternative scenario.
