4 hour
The EUR/USD continued the uptrend and managed to reach 1.17. The new higher high is most likely completing the wave 3 (orange) and starting a wave 4 (orange) correction.
Price could use the Fibonacci levels of wave 4 vs 3 as potential bounce spots.
1 hour
The EUR/USD could be building an ABC (grey) correction within wave 4 (orange).
Origin: Admiral Markets
