- The correction period started in mid 2008 and euro has been falling since then.
In my opinion, the correction is a triple zigzag.
Z will be the last leg of the correction and will end around 0.95.
This level is also 0.786 of higher degree impulsive pattern.
The invalidation level is, which is above 1.618 of Z vs Y, at 0.84.
This is a long term EW prediction, which can reach its target around 2022.