EUR did not move much since Friday, but we still think that bears can be seen, as the recovery from Feb 21 looks to be corrective. A three-wave bounce that got rejected from 61.8% Fib. level. However, we are still waiting on 1.0537 break to confirm a continuation beneath 1.0500.
EURUSD, 1h
Euro can also get weaker against the pound as rally from 0.8400 is in three waves at the moment. It can be a corrective zigzag pattern that is now at interesting 0.8520-0.8540 resistance. A reversal from here and back below 0.8470 will suggests that market is still in a downtrend.
EURGBP, 1H
