Main scenario: consider short positions from corrections below the level of 1.0765 with a target of 1.0200 – 1.0000.
Alternative scenario: breakout and consolidation above the level of 1.0765 will allow the pair to continue rising to the levels of 1.0937 – 1.1184.
Analysis: On the daily chart, a bearish correction presumably continues developing as wave of larger degree B, with the final wave (Z) of B forming as its part. Wave С of (Z) appears to be unfolding on the H4 chart, with the fifth wave of smaller degree v of C forming inside. On the H1 chart, wave (iii) of v formed and a local correction is presumably completed as the fourth wave (iv) of v. If the presumption is correct, the pair will continue to drop to the levels of 1.0200 – 1.0000. The level of 1.0765 is critical in this scenario. Its breakout will allow the pair to continue rising to the levels of 1.0937 – 1.1184.
Price chart of EURUSD in real time mode
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