We have seen:
- A move up from the major .
- A break of the down trend (purple line down).
- A successful up trend formed (green line up).
- A complete retracement to the .
- Some selling pressure to occur around the intermediary and daily highs.
- A test of the highs to either break this overall consolidation or start a new trend.
Always try see the bigger picture. We are on EURUSD for the time being.