Euro Update, 3 of 3 to begin?

 
click to enlarge
The current count implies that (3) of -3- of 3 is about to begin. Politicians not withstanding. Of course if it overlaps 1.4020 it negates the count as depicted...

While a 2 wave CAN have a deep retrace,  this should be relatively shallow if the 3 of 3 is correct.

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