FX.co ★ mdouglas | Wave Wisdom: Mastering the Art of Wave Marking in Forex!

For the pair EUR/USD, we are not going for a continuation of the decline yet, but we managed to update Friday's low, even if only slightly, but there is an update, which means there is a high chance of continuing the decline today. I don't think the EUR/USD pair will try to make another attempt for a third wave, as two thirds are enough, so I expect the continuation of wave three in three in (c) in (2) in (C). If there is a larger pullback, for example to 1.1570, then I will consider another attempt for the third wave. For now, I will target wave (C) towards 1.100, and then we will see. If the pair does not rise above 1.1570, we will get a medium-term reversal to the south by the end of the day.