EURUSD - at least half way down is yet to be done

EURUSD: over 1.1259 I can hardly consider triangle completed; possible target for extension in the wave E of (4) is 1.133 region. However I would NOT take any long positions other than hedge on shorts. To confirm the circle c-wave count Euro should take out 1.1303 resistance region - but below this Fib cluster immediate downside potential retains, imHo.

Lower low in the wave (5) is still my preferred (and confident) scenario.

EUR= - Option 2 Micro - Dec-21 1524 PM (1 hour)
EUR= - Option 2 Micro - Dec-21 1524 PM (1 hour)
EUR= - Option 2D - Dec-21 1527 PM (1 day)
EUR= - Option 2D - Dec-21 1527 PM (1 day)
Arkady Yakhnis provides extensive coverage on precious metals, energy, and forex at ElliottWaveTrader.