As per the previous Analysis, EUR/USD has completed the ABC Minor Waves (blue) and with that, the Intermediate Wave W (black). Minor Wave C has confirmed the expected Bearish Divergence and EUR/USD turned towards the Bearish side. Expectations are for an ABC deep Correction towards Intermediate Wave X (black). Minor Wave A (red) has stated and has been confirmed, breaking the Trendline. There is also a very possible Head and Shoulders pattern which means that most likely Minor Wave B (red) could pose as the Right Shoulder, before the deeper weakness.