4 hour
The EUR/USD bounced at the support trend line (green) and then broke above the previous top (red). Price has now reached the 1.15 target which could cause a potential retracement.
A break above 1.15 could see price continue with the uptrend towards the 61.8% Fibonacci target at 1.1550.
1 hour
The EUR/USD completed the wave 4 (orange) and is now building an internal 5 wave (grey) within wave 5 (orange). A mild retracement at the 1.15 resistance could confirm a wave 4 (grey).
Origin: Admiral Markets
