EUR/USD is trading lower for the last few weeks away from 1.1616 where pair found a high of a complex corrective recovery up into blue wave C-circled that represents part of a big consolidation on higher time frames. Notice that price recently fell beneath the trendline support so it appears that lower levels are in play, maybe even for wave three with red wave 3) that has minimum target at 1.1217 followed by 1.1000 psychological level that comes in near 1.618% Fibonacci level. We see pair in bearish mode as long as 1.1448 level is not breached.

EUR/USD, 4H