It looks like 3rd-wave in the supposed C finished its forming. Probably, a correction price retreat on the pair EUR_USD must follow in the limits of the future 4th-wave. As we already mentioned yesterday – it is too early to speak about its length and deepness in the conditions of high trend dynamic. MACD also allows to examine a possibility for the correction beginning.
Analysis prepared by:
Maxim Dmitrievsky
Forex4you analyst