4 hour
EUR/USD downtrend is unable to complete the last push towards the 38.2% Fibonacci level at 1.1470 and is now building a larger bullish retracement. Price is now retesting trend lines (orange) which could form a mild resistance zone.
1 hour
The EUR/USD seems to be building a wave 4 (green) correction and the Fibonacci levels could act as resistance. A break above the 61.8% Fibonacci level makes a wave 4 (green) less likely.
4 hour
1 hour
Origin: Admiral Markets
