EURUSD pullback

The EURUSD is pulling back from the most recent bullish momentum.  As it stands, the 240min is in criteria 2c (reverse divergence) and we're anticipating 2d leading to 3a (or 1a).  So, on the faster time frame I would be looking for the 3d criteria setup to occur.  Until then it has sold long holders to shake out.
Also worth noting where price bounced initially (38.2% retrace of most recent momentum).