The sharp downtrend of the EURUSD (now at 1.2670) might take a short break by staging a rebound to 1.30 once it gets to the support area at 1.2660-1.2625.
first down to
then up to
T2: 1.2992 - 1.2997
The monthly chart shows a sharp fall from point "d". The daily chart shows that this wave is - for now - made out of 3 waves down. hence, I expect wave 4 up followed by wave 5 to the area 1.2396-1.2329.
Monthly chart - click to enlarge
Weekly chart - click to enlarge
4-hour chart - click to enlarge
Wave oscillator on a 4-hour chart - click to enlarge