What happens if I select a regulator?

Admiral Markets UK is regulated by the UK Financial Conduct Authority (FCA): Firm Ref № 595450.

Admiral Markets AS is regulated by the Estonian Financial Supervision Authority (EFSA): License № 4.1-1/46.

Admiral Markets Cyprus Ltd authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC): License number 201/13.

Selecting one of these regulators will display the corresponding information across the entire website. If you would like to display information for a different regulator, please select it.

Thank you, got it
fca efsa CySEC

EUR/USD in Wave-4 Retracement unless Price Breaks above 1.1910

September 26, 2017 08:01


4 hour

The EUR/USD closed with a bearish daily candle yesterday, which could indicate potential further bearish pressure today. However, despite the break of the support trend lines (dotted green), price is still at the bottom (green) of the sideways range and any bullish or bearish continuation will depend on how price responds at the support trend line (green).

1 hour

The EUR/USD could be in a wave 4 (brown) correction and the Fibonacci levels of wave 4 v 3 could act as resistance. A break above the 50% Fib of wave 4 vs 3 makes a wave 4 unlikely whereas a break below support (blue) could indicate a continuation of wave C (purple).


4 hour

The GBP/USD is also in a sideways range (red/green lines) within a larger uptrend. Price is now testing the bottom (green) and support trend line of the correction.

1 hour

The GBP/USD has many resistance layers above it and could complete an ABC (grey) correction. A break of resistance (orange/red) could indicate the continuation of the uptrend whereas a break below support could indicate a larger wave C (grey) correction.


4 hour

The USD/JPY has broken the support trend line (dotted green) of the uptrend channel, which could indicate a larger correction via a wave 2 (light green) or wave B (green).

1 hour

The USD/JPY is building a larger ABC (blue) correction as it breaks below various support trend lines (dotted green).

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

open live account

Risk Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.