The short-term Elliott Wave analysis of EURUSD shows that the decline from the April 17, 2026 peak is unfolding as a five-wave impulse. From the April 17 high, wave ((i)) ended at 1.1655. A corrective rally in wave ((ii)) then followed which terminated at 1.1796. The pair then moved lower in wave ((iii)), reaching 1.1576. Afterward, wave ((iv)) completed at 1.164 in the form of a triangle, confirming the continuation of bearish momentum. The market has since resumed lower in wave ((v)), which subdivides into a smaller degree impulse. From wave ((iv)), wave (i) concluded at 1.15, while wave (ii) retraced to 1.1622. The expectation is that EURUSD will continue declining through further subdivisions before completing wave (v) of ((v)). This completion would mark the end of wave 1 in the large