Price is making a bear flag (green lines) within the downtrend (blue lines).
60 min EURUSD:
The wave 4 is taking longer than expected but the trend remains bearish as long as price stays in the downtrend channel (blue). A breakout (red arrows) could occur
Price is pausing with the downtrend after it hit the bottom of the channel (blue).
60 min EURUSD:
Price made a retracement to the 38.2% Fibonacci of wave 4 (light blue). A breakout (red arrows) could occur if price breaks below the support (green) trend li