Here's a view from the Goodman wave count. First wave down was very sharp. 50% retrace from there. This last wave down was very choppy. Both legs about 117 pips and we're bouncing right at the last leg completion target.
It's all good. As a matter of fact, this fits better with the larger bearish picture on EU from these levels. I had been expecting a larger sell off on EU anyway and now I have the final piece of the puzzle to accomodate that setup.