A current wave count this pair and DXY show that the market will have a significant decline. The 15th on May EURUSD did a wave (4) at1.1465 and after that have fallen down in wave (5) with first target at 0.94 Current wave count looks like a sequence one-two waves. It is meant that the market will down to wave three (Wave ((iii))) with significant acceleration and break bottom of channel. A first target for wave ((iii)) = 1.618 x wave ((i)) = 1.037.
I think this pair ready for down now or will be soon: RSI divergence and wave count in wave ((ii)) looks ended.
Also, I wait this scenario because this pair must show a next bottom of H4 cycle, which will be near the 03th on June or couple next day.
I ready for open short when pair will break at 1.0925 with SL at 1.10.
So. IN this count wave ((i)) and ((ii)) looks very small, but does not contrary elliot waves rules. Also this count allow get a clearly count in wave ((iii)) and ((v)). Another one alt count is wave w instead of wave ((iii)) and wave y instead of wave ((v)). Need a time for look and understand what exactly market do.