Here is a Wave analysis on EU, key points and possible trading opportunities: I've tried to keep it as clean and simple as possible.
We can see price has made an ABC Corrective Wave (ii), followed by the first 4 waves of the Impulsive Wave (iii). Price has already began wave 5 to which is only on its sub-wave 1. Price should make sub-wave 2 and then continue the trend of wave 5.
Key points: - Notice a hidden channel (possible channel) of wave 5
Possible Trading Opportunities: - BUY the formation of sub-wave 2 - SELL the end of sub-wave 2 with objectives near the end of the 3rd impulsive wave.