With Trump Administration desperately attempting to add momentum to the $ downside via another Fed cut and pressure on ECB, combined with a convergence in US-EU differentials will lead to a long-term rebound in EUR. I am expecting volatility to expand into year-end after completing the 76.4% retracement.
For those tracking the USD long-term chart from last month:
From a waves perspective a very important year on the macro front which opened up the major monthly reversal targets: