The EUR/USD seems to be building a bullish ABC zigzag (purple). The price will need to break above the resistance trend line (red) before it can confirm the wave C pattern, whereas a break below the support trend line could indicate a deeper wave B (purple), which could test the support zone at 1.15 again.
The EUR/USD has broken above the resistance trend line (dotted red) but is now moving sideways and is building a chart pattern. The price could be in a wave 4 (green) pattern as long as it stays above the 61.8% Fibonacci support level.This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.