4 hour
The EUR/USD broke above the resistance trend line (dotted red) as expected which could signal a larger retracement within wave 2 (brown).
Price could head back to 1.0750-1.0775 at the 50-61.8% Fibonacci levels.
1 hour
The EUR/USD break above the resistance trend line (dotted orange) which could trigger the development of an ABC (purple) zigzag.
Origin: Admiral Markets
