The EUR/USD could finally be ready for a new bullish ABC correction (blue) within wave Y (purple) if price manages to break above the resistance trend lines. In that case, a bullish break could see price move up towards the Fibonacci targets of Y vs W.
The EUR/USD has probably completed a bearish ABC zigzag (green) pattern when considering the strong bullish bounce.The current bullish impulse is probably a 12345 wave (green) as long as price stays above the 50% Fibonacci level of wave 4 vs 3.
