EUR/USD did not change much since yesterday, so our view remains the same; we see a three wave move in wave 2 which structured a flat correction which suggests a sharp fall in the very near-term. Ideally market will fall strongly as next big leg down can be even wave 3 based on higher time frame pattern, but as always focus on minimum expectations which in our case is a drop to 1.0470. At the same time, keep an eye on 1.0677 level where next resistance can be seen if wave 2 will get more complex.
EUR/USD, 1H
