EUR/USD: the third wave going to move on
The market has been falling down since a pullback from 6/8 Murrey Math Level (P=200) happened. So, we’ve got a bearish impulse in wave iii of (a). Therefore, the price is likely going to reach 1/8 MM Level in the short term.
As we can see on the one-hour chart, there’s an extension in wave iii. However, if we see a pullback from 2/8 MM Level (P=400), there’ll be an opportunity to have a local correction. Nevertheless, bears are likely going to deliver wave  of iii later on.