Ending Diagonol? I think so

Based on what happened over night I think we have completed wave {iii} of 5. It looks to be doing it as an ending diagonal. This will be difficult to call but I think price will trend back long to the zone of 1.6120 to 1.6140 and stop right about there before moving short again below 1.6030 to complete wave {v} of 5. Once this happens there is the potential for a serious long corrective move over the next couple of weeks. I'll discuss that once we are there.

Part of my ending diagonal preferred count takes into consideration what is going on with the $DXY (dollar index) wave count. Just FYI.