#EURUSD Wave (C) of Y Unfolding – Final Decline Toward 1.1085Euro vs United States DollarTICKMILL:EURUSDSmartWedgeTraderEURUSD #EURUSD Wave (C) of Y Unfolding – Final Decline Toward 1.1085 Before Bounce? 📉 Expected path for the currency pair #EURUSD on the 4-hour timeframe Bearish continuation in progress 🐻 Price has been developing a clear corrective structure following the prior impulsive decline, most likely a larger-degree wave (Y) or wave C within a complex flat or zigzag correction. After completing wave (W) and (X), we are now advancing through wave (Y), which is subdividing into an impulsive (a)-(b)-(c) pattern. The current leg appears to be wave (c) of (Y), extending toward the 1.618 extension of wave (a), converging with the 0.618 retracement of the broader advance from the March low — projecting a high-probability target zone around 1.1085–1.1110. 💡 Key observations: - Wave (b) has formed a clear three-wave corrective bounce, respecting the 0.382–0.618 Fibonacci cluster near 1.1347–1.1266. - The overall structure remains contained within a descending parallel channel, with price respecting the lower boundary on extensions. - Momentum is still favoring bears, with no clear reversal signals yet. 🎯 If wave (c) completes near the projected 1.1085–1.1108 area, strong exhaustion is expected. This would mark the likely end of the larger corrective phase and open the door for a significant multi-leg recovery — potentially wave (1) or (A) of a new bullish structure, targeting initial retracement levels around 1.1300–1.1400+. ⚠️ A decisive break below 1.1080 would suggest an even deeper extension (possibly toward 1.1000–1.1050), though the primary count favors termination near current projections. Watch for bullish divergence, hammer/reversal candles, or volume spike at the target zone to confirm the turn. #EURUSD #Forex #ElliottWave #Euro #USDDollar #SmartWedgeTrader #TradingView #WaveAnalysis #ForexTrading #CurrencyPairs #BearishCorrection #ToTheBottom