On the 4h chart of EUR/USD, we can see that price made a sharp structure from around the 1.0604 region which is now viewed as wave C) of Y. That said this whole correction since December of last year that is in motion is known as a double zig-zag, which may be trading in final stages as we already see sub-wave C) unfolding a minor five wave move within itself. As such a reversal to the downside may be around the corner, ideally around the Fibonacci ratio of 100.0
EURUSD, 4H
