4 hour
EUR/USD is making a larger bullish retracement within the downtrend. The Fibonacci levels of wave 4 (blue) could act as resistance if price breaks above the trend line (orange). A break below the support trend line (blue) could indicate a potential bearish breakout within wave 5 (blue).
1 hour
The EUR/USD seems to be building an ABC (orange) within a wave 4 (green) correction.
4 hour
1 hour
Origin: Admiral Markets
