Are you ready for a new LOW in Euro below 1.18? The long term picture in euro are suggesting that a new more leg down is expected, as you can see in the bluecounting. But what we can expect in the near term, can we wait a test of 1.2350 area before the last leg down begin, or the sideways will continue for a litle more time as a triangle?. This two possibilities are contain in the blue counting, where the wave 4 is unfolding a double zig zag ((w))-((x))-((y)) in progress, establishing a new high. The triangle alternative do not allow a new high,because that the price will persist sideways, till complete the last two swings. The Red counting shows the bullish alternative, where the wave (X) in unfolding. The first double zig zag W is on progress, needing on more leg up to be complete.