4 hour
The EUR/USD seems to have completed an ABC correction (red) within the wave 4 (blue). A bullish breakout could indicate the continuation of the uptrend via wave 5 (blue).
1 hour
The wave 4 (blue) might become extended via a WXY formation (red) if price develops a 3 wave pattern (purple).
4 hour
1 hour
Origin: Admiral Markets
