✅ EUR/USD Bullish ABC Zigzag Pattern Aims at 1.1840 ✅

2 min read

Hi traders,

The EUR/USD made several bullish breakouts after the expected bullish reversal at support but price is now challenging a new key resistance trend line. The bulls are in control and a bullish continuation seems likely.

EUR/USD

4 hour


The EUR/USD is either still in a bullish wave A (purple) or will make a bearish retracement as part of a wave B (purple). This is the expected wave pattern if price indeed completes an ABC zigzag pattern (purple).

1 hour


The EUR/USD bullish breakout above the resistance line (red) could confirm one more push up within wave 5 (blue) of wave A (purple). Eventually a wave B (purple) retracement is expected.

Good trading,
Chris Svorcik
Elite CurrenSea

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