The EUR-crosses are poised to make new lows against the Forex commodities currencies (AUD, NZD and CAD). Here is my EURCAD idea: tradingview.com/v/OuzwUOnK/ and I will be posting a EURAUD idea after this one.
The next low should complete a bullish pat pattern, which is valid as 1.4960 holds.
It looks like we are in a complex wave (b) of wave B or X. If it's wave B, we are doing a flat and should see a test of the 1.700 figure. If it's wave X, we should see new highs above 1.720.