4 hour
The EUR/USD bullish breakout is continuing with momentum towards the previous top and next resistance trend line (red). A break above that could confirm a full uptrend continuation within wave 5 (purple).
1 hour
The EUR/USD bullish breakout above the resistance levels and fractals of wave 4 (orange) is indeed acting as a wave 3 (blue) so far with price going above the 161.8% Fibonacci target. Price could make a retracement but if price uses the support zone (purple lines) as a bouncing spot, then price could see another potential rally towards the resistance and Fib targets.
4 hour
1 hour
Origin: Admiral Markets
