The EUR/USD bearish momentum was strong but price is currently unable to break below the support trend line (blue). This could mean that the wave B (green) has been completed OR that a bearish correction will bring price lower via an ABC (purple). Monday'
The EUR/USD made a drop to lower levels after the break of support (light blue). Both the 38.2% at 1.11 and the 50% Fib at 1.10 are potential support levels.
1 hour
The strong bearish impulse on EUR/USD seems to consist of an internal 5 wave within wave 3