In July 2023, this pair could possibly complete its diagonal pattern of 5 waves.
Since then, it looks like this is a triangle pattern
If you look closely, each leg of this triangle conform to a fibonacci level almost perfectly
and last week could be a completed E wave of this triangle
Upside target in 1 year time frame should be one of these red lines
If the E wave is completed, price should not go lower than 1.067
If the price go lower than 1.059, this triangle will be invalidated.
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Looking at DXY. Last night could be the final wave of C wave of flat correction
ending in diagonal pattern.
This also support bullish case for EUR/USD
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Now price has broken out of its triangle trend line. let's see if it holds.
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