On the 4h chart of EURUSD, we are observing a nice bearish reversal taking place, with price currently trading in black wave 3 as part of a higher degree decline, that may unfold in weeks ahead. As such this bearish reversal is a sign for a completed complex correction that was recognized in wave 4). A five wave fall from the highs and a broken corrective channel line is also an indication for lower levels to follow.
EURUSD, 4H
