Unless price breaks above the bearish cycle and pushes higher we can expect EURUSD to continue to lower levels. We will very likely see a drop to test support of the current cycle.
Wave Cycles for MT4 The indicator identifies cycles derived from every major high and low and automatically paints them on the chart for you. The ANGLE of the cycle gives you a roadmap into the future as to what type of move one can expect. The steeper the angle the greater the tendency for a market to rally/decline rapidly.