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

EUR/USD Prepares for ABC Zigzag in Bearish Wave 2

March 08, 2018 07:15


4 hour

The EUR/USD has probably started with the wave 5 (pink) pattern but a break above the previous top (red) and trend line (red) is needed before price can potentially reach the 61.8% Fibonacci target.

1 hour

The EUR/USD is in a break or bounce spot. A break above the 78.6% Fib target could price extend the wave 5 to higher Fib levels whereas a bearish break could see price retest the Fib levels of wave 2.


4 hour

The GBP/USD bullish momentum is probably creating a wave 1 (green). A bullish break above resistance (red) could confirm wave 5 (brown).

1 hour

The GBP/USD seems to have completed a 5th wave (grey) and could correct lower when it breaks support. Alternatively, it could break for one more higher high and complete wave 5 at the Fib targets.


4 hour

The USD/JPY did not manage to break above the resistance trend line (red) and therefore could still be in a wave 5 (blue).

1 hour

The USD/JPY is building a triangle pattern.

Good trading,

Chris Svorcik

P.S. Don't forget to follow Admiral Markets on Facebook – or @AdmiralMarkets on Twitter – for the latest market updates.

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.