EUR/USD continues to point lower towards the corrective target near 1.0543 that will conclude wave C of an expanded flat correction. Once this expanded flat correction is complete, a new impulsive rally is expected towards at least 1.2085 and more likely higher towards the extension target at 1.3045.
Regarding the expanded flat correction, we are in the final stages of wave C and all requirements already have been fulfilled. So it is now more a question of how close to 1.0543 is EUR/USD going this time. A break above minor resistance at 1.0768 will be a clear indication that wave C and 2 has completed and the next impulsive rally is unfolding.
