4h.time frame had a breakout of the descending wedge ,also if you will take a look you will see that there is a fully formed diamond pattern. Those two patterns are bearish sign, so could be a retest of the wedge and then further move downside. But keep in mind that so far it does look also as a perfect Elliot Wave. I have marked wave 5 with a target of red straight line, what is 2023 highest point. Hard to tell which way this forex pair will choose, but I think it's worth to watch.
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Looks like it wants to make EW, but it does struggling to cross a previous high, could be a rejection here.
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EURUSD have made a DT on the bigger time frames, there is a possibility of a deeper tanking. Shame, that my original TP was o close
Chart PatternsTrend AnalysisWave Analysis

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