The breakout above the resistance trend lines confirms the continuation of the uptrend.
Price charts and technical analysis The EUR/USD seems to have completed the wave B at the 61.8% Fibonacci support zone.
Why? Because the strong bullish bounce is indicating the start of the wave C zigzag pattern.
The breakout above the resistance trend lines confirms the continuation of the uptrend :
The ABC zigzag is now aiming for the -27.2% and/or -61.8% Fibonacci targets around 1.12225-1.23. This is where we expect the wave B of larger ABC correction to be completed. Price should fall once again for a wave C of wave 4. Only a deeper retracement could place the bulls on hold.