Euro Bounce

The Euro move down clearly counts as a 5 wave move. Therefore there will be at least one more leg down ( if it's an abc structure) and potentially 2 more (if it's a full count of 5 ). This bounce then is corrective, which it looks, and likely contained by resistance represented by the previous highs and Fib. retrace points. 1.2910 to 1.2960, the .382 retrace.