For EURUSD, the pattern can be a correction pattern. The reason is that the correction pattern rose in an incomplete form.
If the market stays below the red line at the top of the chart, a weekly correction pattern that breaks the daily upward wave may emerge, so Buy can be dangerous.
Since the weekly demand zone has moved up a lot, if it gains support in the weekly demand zone, there will be a strong upward wave.
Conversely, if the rebound fails in the weekly demand zone, it will become a resistance line, so a pattern will be created in which no upward wave can emerge.
If EURUSD becomes the same pattern as the chart, it is expected that USD pairs currencies, which have risen so far, will end their daily rise and show correction patterns that fall to the weekly demand zone.
If the market stays below the red line at the top of the chart, a weekly correction pattern that breaks the daily upward wave may emerge, so Buy can be dangerous.
Since the weekly demand zone has moved up a lot, if it gains support in the weekly demand zone, there will be a strong upward wave.
Conversely, if the rebound fails in the weekly demand zone, it will become a resistance line, so a pattern will be created in which no upward wave can emerge.
If EURUSD becomes the same pattern as the chart, it is expected that USD pairs currencies, which have risen so far, will end their daily rise and show correction patterns that fall to the weekly demand zone.