4 hour
The EUR/USD is moving sideways and respecting the 61.8% Fibonacci resistance level of wave 2 (green).
A bullish break could see price build an extension towards the 78.6% Fibonacci level.
1 hour
The EUR/USD bounced at the 50% Fibonacci support level and most likely in a wave 4 (pink) correction. A break above the resistance (red) could price continue with a wave 5 (pink) where a break below support (blue) could indicate a larger bearish retracement.
Origin: Admiral Markets
