EURUSD has turned up in the last three weeks; it broke above the channel resistance line that normally confirms a previously completed move; in our case, that was a finished a-b-c decline from September high. As such, it seems that wave four on a daily time frame came to an end about we talked a lot in the past which means that more gains may now follow within higher degree wave five, currently within sub-wave three that started from 1.1710, now underway to 1.2.

EURUSD, 4H

Below we also have a daily time frame of EURUSD, that points higher into wave 5.

EURUSD, Daily