Narrowing irregular bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the market are in the negative area and made the new lows.
EUR/USD: pullback from 2/8 MM Level
We've got a pullback from 4/8 MM Level, so wave 2 may have been formed. Also, wave (i) is about to end, so if we have a pullback from 3/8 MM Level, there'll be a green light for wave (ii).
There's a pullback from 2/8 MM Level, so wave iv of (i) may have been ended. Therefore, bears are likely going to deliver wave v of (i). The main intraday target is 0/8 MM Level, which could be a departure point for an upward correction.
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We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
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The 144 Moving Average has acted as support, but there's a bearish "Engulfing' at the local high.