4 hour
The EUR/USD has retraced to the 38.2% Fibonacci level of wave 4 (blue) which could be a resistance zone. A break below the bear flag (green) could indicate the continuation of the wave 5 (blue) within a larger wave C (purple).
1 hour
The EUR/USD is showing strong bearish momentum and has most likely completed a wave 3 (blue). An ABC (green) seems to have been completed within the wave 4 (blue) if price breaks below the channel (green).
4 hour
1 hour
Origin: Admiral Markets
