The EURUSD wave 3 (purple) seems to have paused or perhaps is completed.
60 min EURUSD:
If wave 3 (purple) is indeed complete, price usually retraces back to the 38.2% Fibonacci retracement of wave 4 (purple) before continuing with the trend.
The first trading day of 2015 has arrived. Traders should be cautious when trading at end and beginning of a new year as price movements tend to be slower. The EURUSD is approaching a bigger monthly support level (green line).