You can see 5 waves within wave 1 and abc correction within wave 2 very clearly. If wave 3 is next, this will be a big drop. Keep in mind, Wave C within wave 2 could have more bullish room to go.
Bullish trend should continue based on elliot wave. 5 wave impulse to the upside is next
Looking to take a long position at 1.22300
Should see abc correction to the down side.
EURUSD may have just finished an ABC correction to the upside. Testing resistance at 1.07. Should see wave one to the downside soon.