Update

Slightly lower to complete the pattern and reversal. I think we saw the expected 20w low with cycle length 18 weeks.

Most likely a high next week for a 20d high folowed by a pullback for 20d low.

Projecting the cycles we should see the following path for the next two months and the expectd 20w high.

Update

The alternate scenario is playing out - impulse lower. If you look at NYSE/DJ/SPXEW show pretty clean impulse and a few more days are needed to complete the pattern. From price perspective the price is between 23%-38% Fibo retracement and between two support levels... the next support level is 200-250 points lower.
If you look the short term cycles we are at day 5 for the 20d cycle so minimum 2 days more likely 3-4 days to be completed. The longer term cycles - week 18 so close to 20w low. Market breadth is showing divergences.
Short said whatch for a low around Thursday next week worst case 200-250 points lower.

Choppy impulse - probable count similar to NYSE/DJ/SPXEW

Techical analysis does not look good - price moved below support and MA200 and next support and 38% fibo is 200 points lower. Overall we know it is a bearish setup because there is more to the downside at least until July.

DAX is close to major trend line from the 2022 low

EUR/USD needs one final push lower for perfect impulse too.