Near term, both legs of the down-up sequence from 1.5904 are not clear impulses. This makes it likely that a larger correction is underway; either a triangle or a flat. In either case, waves A and B are complete and wave C is underway towards lower prices.
In the case of a triangle, the EURUSD would come under 1.5510. In the case of a flat, the EURUSD would continue to decline until dropping below 1.5342. Ideally, price remains below 1.5772.