The EUR/USD indeed seems to be building a bullish rally after breaking above the resistance trend line (dotted orange). The most likely wave count is an ABC zigzag (blue)
1 hour
The EUR/USD could be building a bearish ABC zigzag (green) within wave B (blue
The EUR/USD broke above the tight range (purple) and moved higher towards the resistance trend line (orange). A break above could indicate the continuation of waves Y. The Non-Farm Payroll employment change data could have a major impact on price movement
The EUR/USD has been moving slowly this week with a tight range (purple). Deep Fibonacci support levels could still remain important for a pause or bullish bounce. The wave count is vulnerable to change if price breaks below these levels.
The EUR/USD is building a downtrend with clear low lows and lower highs. However, deep Fibonacci support levels could still create a pause or bullish bounce. The wave count is vulnerable to change if price breaks below these levels.
The EUR/USD retraced back to the 78.6% Fibonacci retracement of the wave X (purple) correction. The wave count is vulnerable to change if price breaks below this level.
1 hour
The EUR/USD could have completed an ABC bearish zigzag (orange) down towards the