The EUR/USD continued its strong bullish momentum yesterday and throughout the week. This seems to have completed an impulsive wave 3 (green) and one more push higher (wave 5 green) could occur if a corrective wave 4 (green) pattern develops.
The EUR/USD is in a bullish momentum which is part of a larger contracting triangle chart pattern (ABCDE green).
The EUR/USD showed a retracement back towards the 50% and 61.8% Fibonacci retracement level which completed wave 4 (orange).
...The EUR/USD broke the resistance trend line (dotted) as expected in yesterday's wave analysis. The bullish move is part of a larger contracting triangle chart pattern (ABCDE green).
The EUR/USD broke the resistance (dotted) with st
...The EUR/USD is testing the resistance trend line (red) of a larger contracting triangle chart pattern (ABCDE brown). A bullish breakout could see price move towards the wave E (green) of wave 4 (blue).
The EUR/USD needs to break su
...The EUR/USD is testing the resistance trend line (red). A breakout above resistance could see price move towards the wave E (green) of wave 4 (blue), which has been added due to the lack of a bearish breakout. The consolidation zone on the daily ch
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