For my bigger picture view see link below: I'll be looking for a wave B consolidation next week towards 1.13 ideally and then sell the continuation towards 1.08.
We see the EURUSD correcting at the moment but that might be over soon. I've counted the leg lower as wave A and am looking for the end of wave B to sell wave C to at least 1.08 but maybe even 1.07. It is unclear yet whether we are seeing a shallow correction for wave B or whether we only see the beginning of a more complex correction. With the ECB on the agenda tomorrow I prefer to wait and see what structure tells me up to the news event and then decide whether or not to use a pending sell for EURUSD.