EURUSD is making a nice and slow retracement from the 1.3293 low which we think is a corrective pullback, labeled as wave 2/B.
That is still only the second leg counted from the 1.3835 high but the minimum structures are made in three legs, therefore we believe that EURUSD will turn south for a third leg of decline.
A resumption of a downtrend could start soon if we consider that the price has already retraced back to the area of a previous fourth wave where usually turning point occurs.
