The EUR/USD was unable to break above the resistance trend lines (red) and remains in a downtrend. A break above the Fibonacci levels of wave 4 vs 3 would invalidate the current wave count.
The EUR/USD broke a support trend line (dotted blue) yesterday but price was unable to break below the previous bottom (blue). This price action could be part of a larger correction via a WXY (blue) of wave 4 (purple) if price stops at the resistance zone.
4 hour
1 hour
Origin: Admiral Markets
