EURUSD rebounded sharply. It seems that the correction pattern has become a running flat. The impulse start point will be the new daily correction trend line. But above it sits the daily supply zone. So the pattern will change depending on whether or not it breaks through this area. If it breaks through this area and renews the high, a second upward wave following the 4-hour correction trend line may come out again. In other words, the possibility that the weekly correction can be extended to the monthly correction process increases.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.