EURUSD is currently undergoing a WXY correction. As of right now I'm expecting that it does a double zigzag correction instead of a complex WXY. This means that price action should be pretty volatile and we should see a sharper drop. As you can also see from the chart we broke through a short term trend line and are right at a strong support level . If price were to bounce off this support here and come up to find resistance at an EMA then that would be a good time to enter a short position. I will update this in the future if this happens.