4 hour
The EUR/USD break of the support trend line (dotted blue) could indicate the start of a bearish 1-2 wave count (brown).
Once wave 1 is completed, the EUR/USD could setup a bullish retracement that challenges the Fibonacci resistance levels of wave 2.
1 hour
The EUR/USD is building a bearish channel (green/red) as part of the wave 5 (blue) of wave 1 (brown).
Origin: Admiral Markets
