EUR USD pair may be rising to the occasion this year preparing for the big drop in the next few years. Harmonic spotted and anticipating that anything can happen at this point. Price action suggests a current downtrend, but as we know the market needs to be corrected before she can resume her usual trend. I believe that we ARE indeed in this correction phase, and that it will be a continuing thing until signs of market breakdown. I have drawn a fibonacci tool for guidance and measuring, which I am very interested in the .236 level as my next target to ride the correction wave until price action tells me otherwise. Patiently waiting for a reversal at the bearish trendline on the higher timeframe. Sitting and waiting...until then. Cheers!
Disclosure: *Trading foreign exchange carries a high level of risk. Trading is not for everyone and losses could easily exceed investment capital. Results are not typical. Use proper risk management and smaller lot sizes to protect accounts.