Aiming for the trader's success by creating awareness of the 3M's: Mind, Money & Method by 
Price seems to be in the process of completing a bullish Elliot wave on the EUR/USD daily time frame.
As they say, a picture is worth a thousand words, and the following charts should be self-explanatory.
As always, I would suggest the same principle.
Even though a pattern may be perfect, there are no guarentees in trading.
Do not jump into a trade. Set your levels and always wait for price to confirm.
You may miss out a few trades in the bargain, but it will save you a lot of grief…and money -:))
Sunil.