✅ EUR/USD Wave C Momentum Breaks 1.1750 Resistance ✅

2 min read

Hi traders,

The EUR/USD broke above the key 1.1750 resistance and 23.6% Fibonacci retracement level and is now moving up towards the next 38.2% Fib.

EUR/USD

4 hour


The EUR/USD is probably building a bullish wave 4 pattern which is expected to turn back down at or below the 50% Fib. A break above the 50% indicates that another wave count is more likely.

1 hour


The EUR/USD made a bullish breakout yesterday and is building a potential wave C (blue). The ABC zigzag could complete a larger WXY correction within wave 4.

Good trading,
Chris Svorcik
Elite CurrenSea

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