4 hour
The EUR/USD bearish retracement has reached the support trend line (blue) which is a bullish bouncing spot. For the moment a larger wave 2 correction (pink) seems likely.
1 hour
The EUR/USD completed 5 bearish waves (blue) which could be part of a larger wave A (purple). A bullish ABC (blue) could see price test the Fib levels of wave B (purple).
4 hour
1 hour
Origin: Admiral Markets
