4 hour
The EUR/USD broke below the long-term support trend line (dotted blue) but it will need to break below 1.11 before a potential wave 3 becomes likely.
At this point a break, pullback and continuation seems the most probable via a wave 1 and 2 (brown).
1 hour
The EUR/USD is showing divergence between the bottoms which could cause a wave 2 (brown) retracement. Price invalidates wave 2 (brown) if price manages to break above the 100% Fibonacci level. A break below support (green) could indicate a continuation of the bearish trend.
Origin: Admiral Markets
