EURUSD : Bearish Impulse In Progress

EURUSD is in bearish mode for the last few weeks so it's not a surprise that pair hit new lows in recent session. We see pair in fifth wave of wave (3) which can be targeting 1.0600 area this week with possible extension down to 1.0530 as well. So sooner, or later new correction up into wave (4) will show up. Invalidation level for now remains at 1.0898; as long it will hold trend is down.

Link to our previous updates on this chart :