EURUSD - Heading higher?

The EURUSD's current set-up either a fairly medium term bullish or imminently long term bearish. The line in the sand between these two outcomes is the low of Wave B Blue. I still believe that the Euro has further to run toward the upside as it tends to top after the stock market at significant turns, but it could certainly head in either direction. If it does breakdown, it would project a measured move to at least 1.25. Either case offers significant trading potential.