It is not improbable that EUR/USD pair continues to form the wave E of (B)
which contains the long-lasting triangular
in the wave [b]
. Thus, when the ascending impulse in the wave [c]
is completed, we might see the pair resumes falling further.
There is a more detailed marking of 1-H chart. It seems that the third wave is forming within the current impulse, and this wave can give space for further price movement. As such, in the near-term we might see new local highs on EUR/USD chart.
Based on the current wave structure we can conclude that the wave [ii]
has been completed. However, due to a complex nature of correction we must wait for confirmation which is a descending impulse in the wave (i)
A more detailed analysis can be found on the 1-H chart. The day before a descending impulse within the wave 
was formed which was afterwards corrected by the wave 
. Correspondingly, in the near-term we might see how the pair starts declining within the third wave.
The bearish marking which implies a further declining of the price within wave [v] of C
is still in force. Most probably, in the short term we will see a further decline of the market within the wave (iii)
which is a part of a diagonal triangular
On 1-H chart we see a descending impulse developing within the wave i
. On the minor wave level there is a triangular
which is almost completed within wave 
. This can lead to the market declining within the wave  of I
It seems that the wave (ii)
is still developing. A descending wedge
was formed earlier in the wave (i)
. In addition, due to fast-moving current correction it is necessary to wait for confirmation of start of the wave (iii)
in the form of descending impulse in it.
As we can see on the 1-H marking, the fifth wave of wave c of (ii)
is coming to an end. The most important level here is the high of the wave (i)
. If we see how the wave i
forms afterwards, this will be a sign of possible declining within the wave (iii)