Fairly obvious idiot wave pattern here ... this is EUO, the ultrashort Euro fund ... after that huge run the dollar made, things have been going sideways for about a year now ... I expect Euro weakness should re-commence from here. Maximum C target is below 1.05 on EUR/USD it looks like (just eyeballing it).

You should keep this in the back of your mind as you've done with my other recent big picture (perfect) calls on the long bond and Muzzer Russia.