FX.co ★ berta.hill | EUR/USD

Hello traders, I've decided to open the weekly timeframe for analysis. Over this period, EUR/USD is trading in a descending correction after a huge bullish trend. The price completed it many months ago, entered a correction, but returned back to the maximum and tried to rewrite it. However, it failed to do so, and the price reversed and fell back into correction again, just like before. I believe that this time there won't be a repeat, and we will see a full correction. Currently, EUR/USD is near the 38.2% support and should test it to complete the current downward wave. It would be nice if the price could reverse and move upwards towards the 14.6% resistance. I would like to see the formation of an internal pattern so that later the pair falls towards the key target of 61.8%.