I think there’s two levels to be aware of wrt eur/usd forming a base. The first is nearby around 1.0725-1.0690….
The second is lower down around 1.0550.
Both would form a right shoulder for an inverted S-H-S if things are destined to play out that way.
Personally I think there’s enough divergence and other stuff going on that would say it doesn’t. But one never knows….
