EURUSD: Terminal Structure?Euro/US DollarFX:EURUSDCOLOMBINI-TRADINGEURUSD continues to trade within what appears to be a mature multi-year corrective channel, but from an Elliott Wave perspective, the broader structure may now be approaching a highly important inflection point. The larger advance from the 2022 lows increasingly resembles a completed or near-completed corrective sequence, with price potentially finalizing a major wave C / (5) near upper channel resistance. Key structural observations: • Multi-year ascending channel remains intact • Price has reached historically significant upper resistance • Internal structure suggests late-stage exhaustion characteristics • Current consolidation may represent topping behavior rather than simple continuation • A confirmed breakdown from current support could initiate a far larger corrective sequence If this count remains valid, EURUSD may be entering the final stages of a broader bullish correction before a potentially aggressive reversal phase develops. Critical levels: 1.20–1.21 region remains major structural resistance Loss of medium-term support may confirm larger bearish transition Downside corrective targets could eventually extend toward 1.02 parity zone Macro implications are substantial, as such a move would likely align with: • Renewed USD strength • European macro deterioration • Relative rate divergence • Risk-off global repricing At present, confirmation remains essential — but structurally, this is increasingly a chart that deserves very close attention. In Elliott terms, late-stage optimism often emerges closest to major turning points. The next major move may define EURUSD’s broader macro direction for years.