DislikedI realised how messy my charts are. Going to redo all of them now since I have time.Ignored
I feel that 1.207xx from July lows was actually the end of Corrective wave C from the past. I'm not entirely certain as I've not had time to complete drawing all the waves.
The new burst up to 1.31xx seems to be a new set of Impulsive wave 1 while this new retracement can either be seen as Impulsive wave a of Corrective wave 2 or Impulsive wave a of impulsive wave a of Corrective wave 2. So it seems like it may continue pushing lower until wave c which may be around 1.27xx areas before we shoot back up.
That is assuming this is the start of a new wave up which means Euro can actually see 1.4 soon.
Edit: I know it says [3] and [4] but I think it may actually be [1] and [2].
A 1 pip gain is better than a 1 pip loss.