Good morning,
So, it seems that our suggestion was correct, that EUR should show another minor tick down before possible reversal. In fact the same story is on other currencies. Thus, AUD is coming to weekly OP that has not been reached yet, NZD has the same intraday XOP target as EUR.
On daily chart we haven't got bullish grabber recently and now, as we've said, market stands at final bullish outpost. Drop below "C" point will break bullish context here. Recall our triangle story here from weekly research. Drop below "C" will mean failure breakout and this will promise opposite direction:
On 4-hour chart market is still coiling around 1/2-5/8 major Fib levels:
I'm not sure that today we will get completed setup for position taking, especially before long holidays, but there is something that we could monitor today. This is hourly picture. Now a kind of 3-Drive "Buy" is forming right around our XOP target. Yes, harmonic pattern is not a good looking, it's a bit choppy, but, at the same time it keeps 3-Drive typical extensions rather well and it is accompanied by MACD divergence, so it could work...
Thus, in result we could get bullish reversal pattern around major Fib support an Agreement. It should give relatively safe chance for entry. At least upside technical respect has good chances to happen which let us to move stops to breakeven, as usual.
If upward action will not be re-established up from here, chances on bullish context survival will diminish significantly.