Onset of a major bearish impulse for EURUSDEuro/US DollarFX:EURUSDedoyuwon1909Referring back to my previous analysis, we are at the onset of a major bearish impulse. The rejection signs are clear and the bias remains strong. If this thesis holds, Wave 1 is complete, and the current sideways price action is Wave 2 (a correction of the first wave). I anticipate an ABC corrective structure, with Wave C likely wrapping up in the final week of February before a massive Wave 3 extension to the downside begins. I’ve marked the key supply zone on the chart, with an ideal sell entry at 1.19500. Wish me luck, let’s hunt for that big win!