4 hour
The EUR/USD broke below the support trend line (dotted blue) which makes a larger bearish correction more likely. The correction is probably part of a larger wave 2 (purple) correction, as long as price stays above the 100% Fibonacci level. A bullish break above resistance (red) could start waves 5.
1 hour
The EUR/USD invalidated the wave 4 (green) pattern and is now probably expanding the wave C (green) within a larger WXY (blue) correction.
4 hour
1 hour
Origin: Admiral Markets
