It's possible a Bullish Shark is forming on the EURUSD hourly chart. I somehow doubt the ABC will play out exactly as shown, but if the dollar regains some of it's strength it still may hit all of the targets.
Trade active
Comment:
Current price action is suggesting a bounce soon near the trendline so it may still try for new highs. If the bat pattern in blue is invalidate it will likely form the deep crab in yellow instead.
Comment:
We're at a possible inflection point here but it could end up going either way, the dollar is weak but the Euro also doesn't look like it has much fuel to go up very far.
Trade closed: target reached:
Time to retrace soon