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EURUSD May Face Resistance Around 0.382 Fibonacci Retracement

EURUSD is recovering more than we firstly thought so looks like that pair is still in wave two of a higher degree, but at resistance. We are tracking a corrective bounce in wave (2) that can stop around current 1.1300-1.1350 area where we see former wave four, 38.2% Fibonacci retracement level as well as trendline that will turn into a resistance. Break beneath 1.1130 will indicate a completed correction so weakness will then be expected to continue towards 1.0800.
EURUSD 4h Elliott Wave Analysis

Eurusd ellitot wave

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