EUR/USD is in uptrend since may. It continued it's sideways movement last week. It has recently broke it's crucial resistance which is near 1.1760. But buyers need to secure a daily close above 1.1800 to send the pair higher to it's next resistance 1.2000-1.1960. But if they fail to do so, if the price again breaks below 1.1760 , it should stop price from moving higher due to the potential head and shoulders reversal chart patterns that we see on daily time frame. The key level 1.1800-1.1760 is for either a bullish bounce and uptrend continuation or a bearish breakout and larger pullback. I wouldn’t be surprised to see one more pullback from EURUSD before the next leg higher. Between 1.1450 and 1.1500 is area I’m keeping a close eye on before going long buy. Because price has completed it's Elliott corrective wave and now with a bullish bounce it can complete wave 5. But with a bearish pullback below 1.1760, there is a larger bearish ABC correction could take place and the wave 4 may expand into the future. And the Elliott wave pattern will stay valid as long as price respects the 38.2% Fibonacci retracement level, or at the very least the 50% Fib. A break below the 50% Fib will invalidate the pattern.