The EUR/USD bullish rally bounced at the 1.15 resistance zone (orange) and seems to be completing a wave W of a larger bullish correction. Price could now be making a retracement within wave X (purple).
The EUR/USD is building a bearish correction after breaking below the support trend line (dotted green). Price is expected to move lower and test the Fibonacci retracement levels of potential wave X (purple), which could be used a bullish reversal spot for more upside. The confirmation of the uptrend is a break above the resistance trend line (orange).
The EUR/USD is moving sideways and is showing choppy price action, which seems like typical behaviour for a wave B (blue). The wave B could be part of a larger bearish ABC (blue) pattern which in turn could complete a wave X (purple).