The EUR/USD has been slow, choppy and sideways for the last few trading days. We believe it represents a corrective price action within a larger uptrend. This is wave 4 which could still retrace deeper if we consider that wave four support, one lesser degree, is at 1.3176. After a completion of that black wave 4, traders should be aware of another push higher into wave 5 of C that may complete the rally somewhere between 1.3400-1.3500.