The EUR/USD made a bullish bounce at the support trend line (green). Price is in bullish territory as long as price stays above that support level. Main target is the resistance line (red).
1 hour
The EUR/USD wave 4 as shown yesterday was invalidated when
The EUR/USD completed the wave X (blue) and broke above resistance levels (dotted red) yesterday. It is now at the 61.8% Fibonacci target, which is a break or bounce spot. A bullish continuation could price head towards the next Fibonacci target and daily
The EUR/USD has made a bullish bounce at the 38.2% Fibonacci level and is now resting the top (red). A break above resistance confirms the development of a wave A (green), whereas a bearish bounce could price retest the wave X (blue) Fibonacci levels. This
The EURUSD broke long-term resistance and is set for a larger bullish correction, the GBPUSD at Fibonacci resistance, the AUDUSD is in a bullish channel but facing Fib levels and the USDJPY is showing a descending wedge.
The EUR/USD has completed a bullish ABC (green) zigzag but the entire correction could be prolonged via a WXY (blue). This wave count is invalidated when price breaks below the support trend line (green).