4 hour
The EUR/USD continued with its the uptrend with a new higher high but price seems to be moving lower again. The retracement is, however, still most likely part of a wave 3 (purple) unless 5-6 candles on the 4 hour chart fail to break the current high, which would indicate that wave 3 has been probably completed.
1 hour
The EUR/USD retraced and bounced at the 38.2% Fibonacci level of wave 4 (orange) at 1.22. The bullish breakout above the resistance trend line (dotted red) caused price to make a new rally and a new higher high. The current bearish price action is probably a wave 4 (green) retracement.
4 hour
1 hour
Origin: Admiral Markets
