Hi traders,
The EUR/USD is probably building a bullish ABC pattern (blue) as long as price respects the Fibonacci levels of wave B vs A.
The EUR/USD bullish ABC could be part of a larger bearish ABC (purple) pattern within a larger WXY (pink) correction.
The EUR/USD bullish breakout above the resistance trend line (orange) could indicate a continuation whereas a bearish breakout could see price fall towards the Fibonacci levels of wave B vs A.
Good trading,
Chris Svorcik
Elite CurrenSea
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