There is little new to add regarding EURUSD structure.
The weight of evidence continues to favor bulls. Our preferred count treats the consolidation from 1.6018 to the end of June as a triangle in the wave IV position (within the 5 wave advance from 1.1640). From the 6/23 low on 1.5468, the EURUSD has rallied impulsively, declined correctively, rallied impulsively, and is currently declining (correctively to this point). The drop from 1.6039 is viewed as wave ii of 3. Look for support near 1.57 today or early next week. We are bullish against 1.5611.
STRATEGY: Bullish, against 1.5611, targets 1.6325 and above