I'm still short the EURUSD for a deeper retrace. However we see a consolidation that is close to a possible end. This is shown by means of the channel of smaller degree. A break does not automatically mean it will be the start of a new impulse higher yet. I still prefer a deeper correction of the previous swing but I trade what I see.
If we see the break a buy trade will present itself. However only an impulse higher and consolidation of smaller degree will indicate that this correction is over.
long term view will be updated for next trading opportunity.