The EUR/USD counter has broken its downtrend at last. It witnessed a very steep rally and we expect a new buy trend is on the cards. But buying at this price is not advisable, so traders can wait for a retracement. Furthermore, we have indicated the possible up trend formation in our chart here. As per Elliot wave, an ABC correction is a definite but whether the counter makes an upward move beyond C and create a new bull elliot wave is to be wait and seen. Kindly follow our updates for more trade ideas.