Here's a quick view of the current wave count of EURUSD.
A few notes regarding the chart: 1) one last movement down is still needed to complete wave [3] of the main movement since 2011. We did not observe any divergence on daily MACD when we reached new lows in Jan 2015, which makes me think this was a local wave 3 within [3], so we need to make another move down which will correspond to wave 5 within [3].
2) A few months of correction will follow as the market will need to digest the large movements observed since Jul 2014 last year. This will correspond to wave [4].
3) I believe the decline in EURUSD will continue in 2015 - for a general view of EURUSD see related chart.