B of B

Since the near term structure is forming a top but the exact count is unclear, i decided to put up a weekly count. The top at 1.60 looks like it came after a 3 wave pattern, which started in 1985 and is probably part of an even bigger 3 wave pattern, but that is not clear since my data only goes back to 1972 (pre-euro uses deutshe mark data)... After topping at 1.60 the best count is 3 waves down to 1.1875, forming a wave A. The rally after this is also in 3 waves, but is too small to be considered as a finished wave B, that's why I labelled it as a wave A of B. Look for price to follow a path simular to the one laid out on this chart.