the EUR/USD bearish momentum remains strong and could push price down to 1.15 but eventually a retracement is expected to take price back to the 21ema of the daily chart. The GBP/USD is also bearish and will challenge the 1.3250 support zone.
The EUR/USD is close testing a key support zone at 1.1450-1.1550 if price manages to break the bear flag on the 1 hour chart. The current impulse is probably a wave 3 which would indicate the potential for a wave 4 and 5 before the larger bearish wave A is completed and a larger bullish wave B could finally start.
Check out the video for the full analysis and trade plans on 29-30 May 2018: