EUR/USD is trading lower for the last few weeks away from 1.1616 where market might found a high if we consider a complex corrective recovery up into blue wave C-circled that represents part of a big triangle on higher time frames. Notice that price is currently trying to break beneath the trendline support so it appears that lower prices are in play, maybe even for red wave 3) that has targets at 1.1217 followed by 1.1000 psychological level that comes in near 1.618% Fibonacci level.

EUR/USD, 4H

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