4 hour
The EUR/USD bearish retracement indeed turned at the support zone (blue lines) as expected in yesterday’s wave analysis.
Considering the divergence on this 4 hour chart, the bearish price action could be just one part of larger ABC (purple) retracement within wave 4 (green).
1 hour
The EUR/USD broke above the resistance (dotted orange) of yesterday’s falling wedge chart pattern and could moving towards the Fibonacci levels of wave B vs A which could act as potential resistance spots.
Origin: Admiral Markets