The EUR/USD bounced at the deep Fibonacci retracement level of 78.6% within a wave 2 (purple). A break above the 100% level invalidates wave 2 (purple) and indicates a large and complex correction. In that case the wave count will be changed to ref
...The EUR/USD is now testing and challenging the 78.6% Fibonacci retracement level of wave 2 (purple). A break above the 100% level invalidates wave 2 (purple) and means that a larger wave 2 (brown) is still ongoing and active.
The E
...The EUR/USD managed to break above the resistance trend line (dotted red), which has indicated has lead to a change in wave structure where wave 1 (purple) has been completed at the recent bottom. Wave 2 (purple) is invalidated if price manages to
...The EUR/USD is building a downtrend with lower lows and lower highs, which would be invalidated if price manages to break above the resistance trend line (red). A break below the support levels (greens) should see a continuation of the bearish mome
...The EUR/USD seems to have completed a wave 2 (brown) correction but more bearish momentum is needed before this can be confirmed.
The EUR/USD broke the support trend line (dotted green), which completed wave 5 (green) of wave 3 (bl
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