Time to invest in EUD?

I was on forum the other day and noted someone put up a thread telling people that it is time to go into EUD, so I took a look at the chart.


Fig 1 EUD Weekly Chart

Looking at the chart, I would hesitate to enter this currency at the moment, for one thing, both the indicators are digging their way underground. I also have some difficulty identifying which wave this guy is at. My suspicion is that it is doing the 5th of the C wave after a huge 4th of C. If I use a swing move, it is likely to hit SGD1.78 per EUD. However, it will have a short term correction up the coming week base on its support at SGD1.9187 with another support at SGD1.86778.