The wave 5 (orange) is falling towards Fibonacci targets. The main target is usually the 61.8% (blue) Fibonacci level, which is equal to the weekly bottom (blue line) at +/- 1.31.
60 min EURUSD:
The bearish breakout has extended itself with more 5 wave patte
The wave 4 (orange) usually has a retracement ending at the 23.6% and 38.2% Fibonacci retracement levels. A break above the red line would invalidate wave 4 (orange).
60 min EURUSD:
A breakout (red arrows) could occur below support (green lines) towards Fibo