? EUR/USD Extends Corrective Zone after Bullish Breakout ?

2 min read

Hi traders,

The EUR/USD broke above multiple resistance trend lines and could be ready to test the previous top at around 1.18.

EUR/USD

4 hour


The EUR/USD is either expanding the wave 4 (pink) via a triangle pattern or expanding the correction sideways via an ABC (pink) in wave B (purple).

1 hour


The EUR/USD could be building a wave 1-2 (purple) unless price breaks below the bottom and 100% Fibonacci level of wave 2 (purple). A break above the previous top could indicate a bullish continuation.

Good trading,
Chris Svorcik
Elite CurrenSea

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