EURUSD is trading nicely bullish for the last couple of trading days and that is why we believe a new higher degree impulsive leg may be in progress. We see waves: one, two, three and now four finished, so the last one that can follow can be blue wave five. We see the former wave four completed at near the 1.1793 level, from where a new push higher followed recently, labeled as minor wave i). Ideally bulls will take price much higher in sessions to follow, hopefully towards the Fibonacci ratio of 61.8 and 1.18700 zone.
EURUSD, 1H
