Wave Y’s (magenta and brown) could indeed be completed and therefore the EURUSD retracement could become relatively deep (green Fib). However, price needs to fully break the uptrend channel (blue) before a down retracement is more likely.
Wave Y’s (magenta and brown) could be complete and therefore the EURUSD retracement could become relatively deep (green Fib). However if pric,e breaks above resistance line (orange) and the current wave Y (magenta) top, then magenta Y will change to a wave W.
Wave Y’s (blue and brown) seem to be complete and therefore the EURUSD retracement could become relatively deep (green Fib). However if price breaks above the current wave Y (magenta) top, then it will change to a wave W.
Wave Y’s (blue and brown) seem to be complete and therefore the EURUSD retracement could become relatively deep (green Fib). However as long as price stays in the uptrend channel (blue) then price can continue in the trend, so I’m keeping an eye on the hourly char