EUR/USD: wave analysis

OANDA:EURUSD   Euro / U.S. Dollar
The pair may fall.

On the daily chart , the first wave of the higher level 1 of (3) developed, and a downward correction forms as the second wave 2 of (3). Now, the wave a of 2 has formed, an upward correction of the lower level has developed as the wave b of 2, and the wave c of 2 is forming, within which the wave (iii) of c is developing. If the assumption is correct, the pair will fall to the levels of 1.1700–1.1601. In this scenario, critical stop loss level is 1.2143.
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