EURUSD: Weekly My-wave

Looks like price is reaching over backwards here to get that kiss in on the regression channel it left back on the 30th October. Time to buy, once we see a higher high and low combination. CHART OF THE WEEKLY MY-WAVE. Price had begun the recent lurch downhill with a bounce off the PINK 'LINE IN THE SKY' (no 256)and showed little respect for the lower order no's on the way down. I had not taken a short there and what a shame too but hope to catch a ride uphill, if the opportunity arises. The next line in the sky (512) is way down at 1.2200 at present(not shown), so if we do not see some traction here, we may be in for a rapid follow through! Really need to see the MACD/EW oscillator in the sub-chart above the zero-line for confirmation of a reversal. The DAILY MY-WAVE is shown here in its full bearish glory and showing at least some awareness of that regression channel perimeter, but someways to go to get above the daily pivot.