The EURUSD seems to have completed 5 waves (purple). The question is whether it will go up for a deep retracement or will the wave count become extended, and the answer will probably be found in today’s price action.
Although the EURUSD is in various wave 5’s, it is possible that the wave count will become extended as divergence on the oscillator is not yet present.
60 min EURUSD:
The wave 5 (purple) is behaving quite choppily so the best is probably to keep an eye on th