4 hour
The EUR/USD is still unable to break below the support zone at 1.17, which could indicate the potential for a bullish bounce up to the resistance trend lines (orange). A break above resistance would confirm a bullish breakout within wave C of wave X (pink).
1 hour
The EUR/USD could be building a larger bullish bounce if it stays above the 78.6% Fibonacci level of wave X vs W. The targets are the Fibonacci levels of wave Y (green).
4 hour
1 hour
Origin: Admiral Markets
