the daily shows the stong upward trend that the Euro has been following for a number of months and has been used to generate the target. The Hourly shows the clear three wave pullback we are looking to trade, the Fib coincides with the trend line so i may decide to wait for the trendline to be tested before buying. Fundamentals for the euro remain really strong and the picture for the US continues to be mixed. Of course the trend line will fail eventually so ensure risk management is still in place