EUR/USD: bearish extension going to move on
There’s a bearish impulse in wave (a), which is taking place on the four-hour chart. Previously, we’ve got two pullbacks from 6/8 Murrey Math Level (P=200). So, bears are likely going to finish wave iii of (a) in the short term. If we see a pullback from 2/8 MM Level, there’ll be an opportunity to have an upward correction.
The price has been falling down since a double zigzag in wave ii was ended. It’s likely that we’re going to see wave  of iii during the day. However, there’s a huge chance to have wave iv soon, so we should keep an eye on 3/8 MM Level as a target for this possible correction.