EUR/USD: bears going to deliver wave 5
There’s a possible ending of wave 4 in a form of a “Double Three”. Also, we’ve got a resistance by 2/8 Murrey Math Level (P=200). So, it’s very likely to see the beginning of wave 5 of (1) in the short term.
As we can see on the one-hour chart, there’s a pullback from 4/8 Murrey Math Level, so the price is likely going to start declining in wave [i]. The nearest bearish target is 2/8 Murrey Math Level. If it be broken, there’ll be an opportunity to have more deeper impulse in wave [i].