On the 4h chart of EURUSD, we see price trading within a bigger three-wave decline, away from September highs. This three-wave move can be part of a bigger bullish impulse or just a simple three-wave A-B-C move. Well, either way we now see price trading within wave 3) or C), that still has some room for weakness, as fourth wave pullback is now underway. This pullback may search for resistance near the Fibonacci ratio of 38.2 and make a new drop lower, towards the 1.1450/1.1500 region.
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