The EUR/USD continued with its uptrend yesterday and pushed towards a resistance point (red line). Although further extensions can never be ruled out, it seems more probable that the wave W (magenta) has been completed.
The EUR/USD uptrend could have completed an ABC zigzag (light green) yesterday. The zigzag might complete wave W (magenta) but for the moment the preference is given to wave WXY (orange).
1 hour
The 1 hour chart had a break of the uptrend channel and saw a fu
The EUR/USD uptrend continued yesterday and still has some potential space before reaching the previous top (red line). However, many news events are being released today such as the FOMC which could cause serious volatility.