The pair EUR/USD is still likely to grow. Estimated pivot point is at a level of 1.1525.
Main scenario: long positions will be relevant from corrections above the level of 1.1525 with a target of 1.1854 – 1.1940.
Alternative scenario:breakout and consolidation below the level of 1.1500 will allow the pair to continue declining to a level of 1.1459.
Analysis: Supposedly, a descending correction of senior level in the form of the wave (2) continues developing on the daily time frame with the wave A of (2) formed within. An upward correction B of (2), supposedly, started developing on the H4 time frame, with the wave a of B formed and the wave b of B completed inside. Apparently, the wave с of B is developing on the H1 frame. If the presumption is correct, the pair will continue rising to 1.1854 – 1.1940. The level 1.1525 is critical in this scenario.