EURUSD dead cat bounce? EU downtrend update 1.1300 target?

This is a follow up to my previous plan:

In the plane above, I was looking for an ABCDE structure to wave V.
But looks like the more common 12345 structure is unfolding.

CAREFUL with any Euro trades right now. ECB rate decision is less that 24 hours away.
But am posting this just to observe movement until then.

Bình luận:

Crazy end of week. EU kinda did what was expected,

It was perfectly on course until Friday US session when the Dollar tanked and spiked EU along with others.

Given the strong bounce, I am thinking it will go higher yet before resuming downtrend, perhaps something like this: