4 hour
The EUR/USD is still building a bullish retracement within wave 4 (blue). A break below the support of the sideways zone (green) could indicate the continuation of the wave 5 (blue) within a larger wave C (purple).
1 hour
The EUR/USD will most likely complete the wave 4 (blue) if price breaks below the channel (green). In the meantime price could retrace to deeper Fibonacci levels of wave 4 (blue) but typically should not break above the 61.8% Fibonacci level.
4 hour
1 hour
Origin: Admiral Markets
