Possible Elliot Wave Analysis - EURUSD

As per my analysis Euro has completed wave 3 of the Ending Diagonal(ED). If Euro is indeed forming an ED then EURUSD should make a low beneath 1.1961 to complete wave 4 before heading higher to complete wave 5. The analysis will be invalid if Euro breaks above 1.2381 before making a low below 1.1961. The anticipated price action is shown via red arrows on the chart.

Good Luck Traders !!!