The situation with the EUR/USD pair is currently unfolding within the framework of the main wave scenario. According to this scenario, a downward impulse is developing as part of a simple zigzag. At the moment, wave 4, which is a corrective wave, is forming. If this is the case, we can expect another downward wave to follow, completing the entire bearish impulse structure.

However, before this occurs, the euro’s value relative to the dollar will remain in its current equilibrium state. Simply put, the development of corrective wave 4 will continue. The proposed movement scheme is shown in the attached chart.

Therefore, making any trading decisions in the current situation is not recommended.

Recommendations: Flat.