The EUR/USD bearish correction seems unfinished as price keeps pushing lower. The current WXY (purple) wave pattern however still remains the most likely scenario unless price shows strong momentum below the Fibonacci levels of wave X (purple).
The EUR/USD is expected to show a reversal at the Fibonacci levels of wave X (purple) and break above the resistance trend lines (red/orange) if the larger bullish WXY (purple) wave pattern correction is indeed correct.
The EUR/USD is probably building a final wave 5 (green) of wave C (blue). A new lower low however is possible due to the strong bearish momentum. A bullish turn and break is needed to signal the end of the correction.