Euro had a very bad week; price fell sharply against the US currency which is seen very strong and possibly ready for more gains. Notice that leg down from 1.1630 is extremely sharp so it was wave three that slowed down at 161.8% Fib. target so we see pair rallying into wave four now that can slow down around 1.1430 resistance. Invalidation level is at 1.1530; trend is down as long it holds, but sooner or later much deeper corrective recovery will show up since that break down from a triangle will sooner or later come to an end.
EURUSD, 4h
