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EURUSD – Trend continuation or Strange reversal

Free forex currency eurusd chart calls

Free forex currency eurusd chart calls

Timeframe: 4h

EURUSD has accomplished its corrective wave (4) and started rising for the impulsive wave (5). Prices are moving above 200 EMA, which signals bullish momentum. EURUSD has formed a correction, and a breakout could lead to further uptrend continuation.

There are two ending points of impulsive 5 for corrective reversal:
1) 1.618% of wave (4) at 1.08945
2) 2.618% of wave (4) at 1.11494.

I will update further information soon.

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