4 hour
The EUR/USD made a bullish bounce at the Fibonacci levels of wave 4 vs 3 (blue) and then broke above the resistance trend line (dotted orange) plus previous top (dotted reds). The bullish break confirms the wave 4-5 pattern that has been mentioned here this week and could indicate a potential continuation towards the Fibonacci targets.
1 hour
The EUR/USD bullish breakout could be developing an impulsive wave 3 pattern (orange).
4 hour
1 hour
Origin: Admiral Markets
