4 hour
The EUR/USD has either completed the 5th wave (purple) at the most recent high or price is expanding via a WXY corrective pattern within wave 4 (purple).
1 hour
The EUR/USD is probably building a bearish ABC (green) zigzag when considering the strong bearish price action in wave A (green). A break below the support trend line (green) could see price fall lower towards 1.2250-1.23.
4 hour
1 hour
Origin: Admiral Markets
