EU to 1.25 by Labor Day?

Güncellendi
Longer term possibilities.
Showing two different 12345 impulses down.

1.16 looks quite achievable per Fibonacci extensions,
and quite normal to retrace to around wave 4 of impulse up.

1.12 is plausible, if US FED keeps hiking and ECB keeps stalling.
All in all, I think EURO is way overpriced and need a significant correction
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Considering the downward velocity, I am removing the ''less bearish'' count in favor of the remaining one in dark red below. The final target still looks good to me.
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Looks to be on track, although Friday will not move much more?
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Zoomed in fibs on smaller tf
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I have posted an updated long term plan (looking for 1.07) here:
EU to 1.0700 by end of 2018?  Extended  Bear Scenario for EURUSD
Trend AnalysisWave Analysis

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