EURUSD Elliott Wave OutlookEUR/USDOANDA:EURUSDEWaveInsightsThe daily EURUSD structure continues to support a Wave 4 contracting triangle interpretation. Wave d appears complete at the recent swing high, and the pair is now expected to work lower in wave e toward the lower boundary of the triangle and the 0.382–0.5–0.618 Fibonacci retracement cluster of the prior advance. As long as price holds above the triangle floor and the base channel, the higher timeframe bias remains bullish and the Wave 4 label stays valid. Once wave e completes within this support zone, the next anticipated move is a Wave 5 thrust higher, with a measured triangle target near 1.20697. Key points: Wave 4 daily triangle in progress Wave d high in place, wave e developing lower Wave e downside zone: 0.382 / 0.5 / 0.618 Fibs Invalidation: break below triangle and base channel support Wave 5 upside objective: ~1.20697 triangle thrust level