EU is on wave 5, at a major fib. No confirmation for the sell yet. Please note the upper channel line from wave 3, doesn't have to hit that, but can. Notice the big zone that is above it. It measures out to bounce major fib to major fib if it retraced .618 from right here which should be noted. The wave 5 can be completed, confirmation is always price moving in a direction, then correcting back. I think we may just be trading a correction here so it may be a choppy 3 wave move. The daily TDI is overextended but not overbought. 4hr showing divergence. 1hr more so.