The EUR/USD is making a bullish retracement within the down trend channel (orange/blue). The current yearly low of 2015 (green) and the double divergence (purple) could be reason for a bullish rally. A break below the channel and the yearly low increases t
...The EUR/USD is in a down trend channel (orange/blue) and price is near the bottom and support. There is also a bigger support zone (green), which will either provide a bullish bounce in case of a wave C or a bearish break in case of a wave 3.
The EU
...This weekly video recap reviews the EUR/USD downtrend potential versus the yearly low and double divergence, the GBP/USD bearish breakout, the AUDUSD pullback after triangle break and USDJPY divergence and 78.6 Fib resistance.
...The EUR/USD is reaching a key support zone (green), which will either provide a bullish bounce with wave C, a bearish break with wave 3 or a sideways consolidation (wave 3 or C). The presence of double divergence (purple) increases the likelihood of a boun
...The EUR/USD downtrend is showing signs of weakness as price broke above the resistance (orange dotted) of the downtrend channel. There is also double divergence when comparing price with the oscillator (purple). A break below this year's low (green) is nee
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