EUR/USD broke clearly above resistance at 1.0804 to confirm that wave 4 did complete with the test of 1.0516 and a new impulsive rally in wave 5 is now in motion towards at least 1.1244 and likely closer to resistance at 1.1424.
The former resistance at 1.0804 should now act as support. It doesn't mean we can't see a temporary break below this support, but it should be short-lived and ideally stay above support at 1.0755.
