The EUR/USD broke above the top and resistance zone at 1.25 (red), which is confirming an uptrend continuation. The uptrend could complete a wave 5 (purple) of a wave 3 (pink), which could leave space for one more potential wave 4 and 5 (pink).
The EUR/USD bullish momentum is now approaching the previous top and resistance trend line (red). A break above the resistance could indicate an uptrend continuation within wave 5 (purple). A bull flag pattern or other chart pattern could i
...The EUR/USD bullish breakout is continuing with momentum towards the previous top and next resistance trend line (red). A break above that could confirm a full uptrend continuation within wave 5 (purple).
The EUR/USD bullish breakou
...The EUR/USD broke above the resistance (dotted red) of the bearish trend channel after bouncing at support trend lines (blue), which could indicate the end of the wave 4 (purple) correction. A bullish continuation could indicate the start of wave
...The EUR/USD bearish channel is challenging the Fibonacci levels of wave 4 (purple). The 38.2% Fibonacci retracement level is an often used reversal spot for wave 4s. A break above resistance (red/orange) could see the start of a wave 5 (purple). A
...