View: EURUSD: Follow Up of the Short Term EWP | The wave trading

I cannot have confidence on any long-term time frame EW option as long as the corrective pattern off the July 24 low is finished and we can analyse the structure of the following pull back.

What I can say is that if my SPX preferred scenario is going to play out then the EUR should move below the July lows therefore so far the discussed Ending Diagonal reviewed on July 22 is still valid.

For the immediate time frame it is unquestionable that the price structure from the July 24 low is unfolding a corrective pattern hence when it ends price should resume the intermediate down trend with at least one more down leg (If the ending diagonal is the correct pattern)

In my opinion price is involved in the late stages of a Double Zig Zag but it is not clear that the final wave (C) is in place. Hence as long as price does not breach the pivot support at 1.2462 at the moment the last higher high is a doubtful top.

Maybe price could be unfolding an Ending Diagonal :