The price is in a correction and a fall is possible.

On the daily chart, the upward wave B develops, within which the entry first wave of the lower level 1 of (А) of B formed, and a downward correction develops as the second wave 2 of (А) of B. Now, the wave a of 2 has formed, and a local correction is developing as the wave b of 2, within which the wave (c) of b is forming. If the assumption is correct, the EUR/USD pair will fall to the area of 1.0325–1.0165. In this scenario, critical stop loss level is 1.0856.

The EUR/USD pair is moving within a corrective trend, trading at 1.0600.

The EUR/USD pair shows a weak growth, developing an uptrend that formed in the middle of last week. The instrument is testing 1.0750 for a breakout, updating the local highs of February 14.

The EUR/USD pair has been falling for the second month, hitting three-month lows around 1.0525 this week.