The EUR/USD remains in a narrow price range since the beginning of December. A bearish breakout below support (green) could see an expansion of wave X (brown) whereas a bullish breakout above resistance (orange) could see a continuation of wave C (purple).
...The EUR/USD is building a triangle chart pattern which are clearly marked by the orange resistance and green support trend lines.
The EUR/USD retraced deeply and fell towards the 78.6% Fibonacci retracement level. A deep pullback is typical for a wa
...The weekly video reviews the retracements of the 4 currency pairs analyzed in this video (EURUSD, GPUSD, AUDUSD, USDJPY) and shows which levels are interesting for potential trend continuations.
The EUR/USD showed a bullish bounce as it retraced lower, which seems likely to be a wave B (purple). Price is probably in wave C (purple) is now testing the resistance trend line (orange).
The EUR/USD could be making a 5 wave pattern (blue) within
...The EUR/USD bullish bounce continued all the way to the resistance trend line (orange), which caused price to make a bearish bounce. The bullish rally could be part of larger wave A (purple), which is confirmed with a break of resistance. A break of suppor
...