EURUSD TECHNICAL + FUNDAMENTAL SHORTS ACTIVE?Euro vs. US DollarFX:EURUSDMrHowMuchThe bullish Wave-5 interpretation has now weakened considerably. Remember our previous bullish hypothesis: 1.1562 could have been the end of Wave 4 and the beginning of Wave 5. The market has now rejected 1.1612 and broken 1.1588. That makes the bullish Wave-5 interpretation less likely. My preferred count now: The decline from 1.1710 is potentially still unfolding as a larger corrective structure. The move: 1.1562 → 1.1612 could have been a corrective B-wave / X-wave. The current decline could therefore be the next bearish leg. Potential structure: A ↓ B ↑ 1.1612 C ↓ If this is correct, the C-wave could target: 1.1554 then potentially: 1.1500 Because 1.1500 was a major structural support on your earlier charts. A reaction there could produce another substantial bounce. So I would not automatically hold a short through 1.1500 expecting 1.1428. Instead: At 1.1500 Take partial profits / reassess structure. ***If EUR/USD simply continues: 1.1570 → 1.1562 without giving us a retest: I would NOT chase. Wait for either: 1.1562 reaction or a later retracement. The reason is simple: The best trade is not necessarily the earliest trade. We want the highest-quality R:R.***