The EUR/USD broke above multiple resistance trend lines and could be ready to test the previous top at around 1.18.
The EUR/USD is either expanding the wave 4 (pink) via a triangle pattern or expanding the correction sideways via an ABC (pink) in wave B (purple).
The EUR/USD could be building a wave 1-2 (purple) unless price breaks below the bottom and 100% Fibonacci level of wave 2 (purple). A break above the previous top could indicate a bullish continuation.
