The EUR/USD made a bullish bounce at the 61.8% Fibonacci retracement level and support trend line (green). A break below support could see price fall towards the 78.6% Fibonacci level. A break above resistance (red) could see price move towards Fibonacci targets (Y vs W).
The EUR/USD seems to have completed a bearish wave 5 (orange). A break above the resistance trend line (orange) could indicate the completion of wave X (purple).
EUR/USD, 4 hour
EUR/USD, 1 hour
Origin: Admiral Markets
