The EUR/USD remains stuck in a triangle chart pattern which is clearly marked by support (blue) and resistance (red) levels. Price is awaiting a breakout but the wave patterns suggest a larger bullish correction for the moment.
The EUR/USD seems to be building a bullish ABC pattern (blue) after completing a bearish ABC zigzag (blue) yesterday. A break below the 100% Fibonacci level invalidates the bullish ABC whereas a bullish breakout could indicate a larger push up towards the next resistance level (red). The purple boxes indicate a potential inverted head and shoulders pattern.