SearchSearch
Change languageEnglish (International)
Dashboard
  1. Home
  2. Analytics
  3. Technical Analysis
  4. US Dollar Bullish Zigzag if Price Breaks Resistance

US Dollar Bullish Zigzag if Price Breaks Resistance

December 04, 2017 09:30

Hi Traders,

The EUR/USD is building a bearish ABC zigzag within a larger wave 2 which could take price back down to 1.1650-1.1750. This zone could act as a support and bounce spot too.

The GBP/USD is in an uptrend but a larger bearish pullback could take price back to the broken resistance. This support zone could restart the larger uptrend.

The USD/JPY is showing bullish momentum and could continue with the uptrend if price breaks resistance or after filling the gap.

Watch the 10 min video here:

Many green pips,

Chris Svorcik

Follow @ChrisSvorcik on twitter for latest market updates.
Connect with Chris Svorcik on Facebook for latest Forex and education tips.

Avatar-Admirals
Admirals An all-in-one solution for spending, investing, and managing your money

More than a broker, Admirals is a financial hub, offering a wide range of financial products and services. We make it possible to approach personal finance through an all-in-one solution for investing, spending, and managing money.