We have seen a nice bearish acceleration yesterday on EURUSD, so seems like we are in an impulsive five-wave decline. Currently it has just slowed down in wave iv) that can be either a flat or a triangle pattern and once it fully completes, we should see a continuation lower! That said, be aware of more weakness, while it’s trading below that black trend-line and 1.1455 level.
EURUSD, 1h
