EUR/USD Seeking Higher Prices – Elliott Wave analysis

Hello traders,

EUR/USD made a bullish run last month, which found a temporary top around the 1.118 area, and from where price started slowing down for a temporary a-b-c correction. We can see that this a-b-c move lower can be completed now because of a latest turn higher from the 1.099 region. As such we labelled a developing five-wave move higher, with wave i now looking for resistance.

eurusd, 4h

EURUSD, 4h

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