4 hour
The EUR/USD showed a strong bullish 4 hour candle at the support trend lines (green/blue), which indicates the potential completion of the wave 4 (green) correction.
A break above the resistance trend line (red) increases the chance for a wave 5 (green) breakout.
1 hour
The EUR/USD seems to have completed a wave 4 and 5 (brown) within wave C (purple). The bullish bounce also offers 5 waves which could complete wave 1 (purple).
Origin: Admiral Markets
