EUR/USD: developing wave (ii)
There's developing wave (ii), which is taking place under 4/8 MM Level. Previously, we've got a triangle in wave (iv). If a pullback from 4/8 MM Level happens afterwards, bears are likely going to deliver wave (iii).
As you can see on the one-hour chart, there's a possible flat pattern in wave (ii). Also, we've got a developing diagonal triangle in wave c of (ii). Therefore, if a pullback from 4/8 MM Level happens, there'll be a green light to have another decline and a new local low.