Longer term, Euro looks much higher, these fractal waves (in white) within the bigger 5-3 Elliot Wave pattern (yellow i,ii,iii,iv,v,a,b,c) give confirmation that the yellow a and b are accurate. That implies the yellow c wave should at least rally past a. Even if we only test yellow a that is about 296 pips from current price of 1.3007
Right now however is a bad place to go long since there is a big resistance zone being near a triple 0 (1.3000) and the 61.8 retracement of yellow ac (1.3048). Also there is a Bearish Gartley developing here on the 4 hour chart so in fact is a short term short signal:
I would be more inclined to buy pullbacks and not trust the short side too much.
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