EURUSD REVERSING OR CORRECTING?

Hi friends, my EW analysis on EURUSD says a corrective 4th wave going on currently and a 5th wave down is expected, going below the weekly low of 1.03495. The 4th wave has either ended with the top of 1.0780s or there can be one more high ending below the wave 1 (in pink) low of 1.08050 as shown on the chart.