EUR/USD continues to follow the expected path lower in wave C of 4. Ideally, we will see wave C continue lower to test the ideal target seen at 1.0498 before completing wave C and wave 4. This should be setting the stage for wave 5 to take over for the next impulsive rally to above the former top at 1.1033 and ideally, closer to the 1.1360 - 1.1390 target area.
We see resistance near 1.0650 that ideally will cap the upside for the expected decline towards 1.0498, but only with a break above resistance at 1.0723, we will review our count.
