EUR/USD: weekly wave analysis
Daily. After finishing corrective wave (4), we saw the formation of the downward impulse 1, which is the start of the new bearish trend (5).
H4. The picture shows the layout of the wave [i], which is completely filled up with the junior waves. The pair is currently forming bullish correction [ii]. The development of this wave will likely continue in the coming days, and then the market will resume decline.