EURUSD 7.00am

T4 has been broken to the upside and the Daily My-wave has turned too. Yet there remains some work to be done here. After that ending diagonal and the time spent driving down into it, one might expect something a tad more convincing and some follow through would be welcome! We are sat underneath the Gann line of 1.2736 and a grid line off the 85.4% fibfan off 1.2041. This area has been tested already a few times on the way down, so a break there should seal the fate. We are however, above and holding D1 so D2 should at least get a touch. That sits at the Gann line, so a break of both should catch a wind to D3 or more. The last chart this morning shows where T5 sits in relation to that 1.2878 gann line - on the way and past the 1.2082 marker which sets out the bottom of the first move down from 1.3171. If this is passed, then the wave 4 down is knocked off the list!