The EUR/USD bullish bounce at support (green) managed to reach the opposite side of the wedge (red resistance). The 61.8% Fibonacci resistance level caused price to build a bearish bounce, which either completes a wave X (blue) or starts a bullish
...The EUR/USD bounced at the previous bottom (green) during yesterday's trading. The bullish bounce has probably completed a bearish ABC (green). The resistance (red) and support (green) trend lines indicate a potential descending wedge chart pattern
...The EUR/USD broke the support trend line (dotted green) again and price is now building a bearish channel (orange). A break below the 78.6% Fibonacci level could see the EUR/USD fall towards the next Fibonacci targets within a larger contracting triangle (
...The EUR/USD is building a small pause at the Fibonacci level after breaking below the support trend line (dotted green). A bearish continuation could take price to lower Fibonacci levels.
The EUR/USD has retraced to the 50% Fibonac
...The trend line (orange) indeed acted as resistance and the EUR/USD fell below support (dotted green) as indicated last week. A bearish zigzag seems the most likely and the current bearish momentum is wave A (green). On the larger scale a contractin
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