According to the bullish view :

EUR/USD has extended to higher levels, in wave (iii) of an extending minute degree third wave of the wave C.

The immediate outlook is sideways in anticipation of the corrective fourth-wave ahead. However, the broader outlook remains bullish in anticipation of the continuing to rise in ongoing wave C.

By Theodoros  Batsoulis
Technical Analyst
Risk Market
www.riskmarket.co.uk