4 hour
The EUR/USD divergence between the tops (purple line) could create a larger bearish retracement via an ABC correction (purple).
A break of the top and 100% Fibonacci level of wave B vs A at 1.1910 could indicate an uptrend continuation.
1 hour
The EUR/USD potential break above the resistance (red) of the triangle chart pattern could see price move towards the next 78.6% Fibonacci level of wave B vs A whereas a break below support (green/blue) could see price complete wave B (purple) and start wave C.
Origin: Admiral Markets
