The EUR/USD is showing light signals of bearish momentum but so far the downside pressure has been mild. Price could build a larger correction and move towards lower Fibs levels but these levels has a high chance of acting as s support as well.
The
...The FED's decision to increase interest rates in the US caused lots of volatility in the market. The EUR/USD moved lower eventually during the news but price is still far away from the current year low. For the moment I am not expecting price to brea
...The EUR/USD was not able to break above the strong resistance level (red), which therefore has not yet invalidated the potential for a wave 2 and 3 (green). Today's interest rate decision in the U.S. followed by an FOMC statement will have a potentially la
...The EUR/USD has approached strong resistance levels such as the trend line (red) and the Fibonacci (61.8%). A bearish bounce could indicate the completion of wave C (brown). A bullish break could price move towards the 78.6% and 100% targets.
The EU
...This week's video recap shows an EURUSD zigzag approaching a heavy confluence of resistance, a GBPUSD downtrend channel, an USDJPY bearish breakout below the consolidation zone, and an AUDUSD wedge formation.
