The EUR/USD broke below the horizontal support (dotted blue) as the bearish channel maintains its momentum to the 100% Fibonacci level. Wave C corrections are typically equal to the length of wave A so a break below the 100% Fib target increases the likeli
...The EUR/USD is showing strong bearish candles as it approaches a horizontal support level (blue). The alternative is a wave 3 if price manages to break below this support and the 161.8% Fibonacci target.
The EUR/USD broke another bear flag (dotted gree
...The EUR/USD broke the bear flag chart pattern (dotted purple) as price heads lower to the Fibonacci targets. For the moment the wave count has been labeled as a continuation of wave C (blue). The alternative is a wave 3 if price manages to break below the
...The EUR/USD broke below the long-term support trend line (green), which could be explained via a continuation of wave C (blue) or alternatively a wave 3 if price expands below the 161.8% Fibonacci target.
The EUR/USD is building a bear flag chart pa
...The EURUSD and GBPUSD have broken key support trend lines with strong bearish candles and the video explains what target levels can be expected this week. The Forex video also discusses the USDJPY and its critical decision zones and analyses the AUDUSD.
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