Using a Wyckoff view the EURUSD has completed the jumped of the creek and we are now looking for a back up to the creek in phase D. A volume climax is seen and the uptrend stride has been broken. A low volume pullback to the creek is anticipated before the start of the mark up in phase . Distribution is seen on the daily time frame also confirming the pullback.
On the daily time frame we see the distribution and break of the upward stride. This is part of the weekly back up to the creek.
Still waiting for the pullback to the creek to complete.