EURUSD

Following on then from this morning's action plan. After what looked like 5 waves up from yesterday's low, we have a first strike down, which I am calling 'a'. Look out for a new high in an expanded flat 'b' wave to set up a quicker 'c' wave down. If there is no new high, then could turn into a flat or zigzag, or triangle of course. At the moment, it does look like a retracement to the prior 5 waves there in the chart and the blue trend line would be a neat target to look at dropping shorts, but I expect that line to break as this '5' up is the 5th wave up in a bigger wave. So, watch out for acceleration below that blue line. If that happens, then this 'a' wave down is likely only 'a' of 'A'. Catch up later when nearing the end of the retracement or there is better clarity as to what degree this retracement is in.