The EUR/USD remains in a large consolidation and the bearish breakout could take longer before materializing, which is the main reason why wave D (green) has been added. Once waves D (green) and E complete the triangle a strong bearish impulse is e
...The EUR/USD is building a bearish ABC zigzag (orange) within wave 4 (green) unless breaks below the 61.8% Fib of wave 4 vs 3 and support trend line (green). A bullish break of resistance (red) could see price make an extension of wave 5 (green) tow
...The EUR/USD is in a contracting triangle chart pattern (red/blue lines) at the 61.8% Fibonacci retracement of wave E vs D. A bullish break could price make an extension of wave 5 (green) towards the 78.6% Fibonacci level. A bearish break (below blue
...The EUR/USD used the 38.2% Fibonacci retracement level as a support for a bullish bounce at wave 4 (green). Price also broke above the resistance trend line (dotted red) which could indicate the continuation of wave 5 (green).
The
...The EUR/USD has made a bearish retracement back to the 38.2% Fibonacci retracement level as expected. The Fibonacci levels could provide support as part of a wave 4 (green). A break below the 61.8% Fibonacci level would invalidate the wave 4 (green
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