4 hour
The EUR/USD seems to be slowing turning from an uptrend to a downtrend.
A break above the 100% Fib resistance level at 1.13 (red line) however would invalidate the reversal whereas a break below support (blue) would increase the chance of a wave 3 (blue) indeed unfolding.
1 hour
The EUR/USD invalidates wave 2 (orange) if price manages to break above the 100% Fib level.
Origin: Admiral Markets
