The EUR/USD has bounced at the support trend line (green) but the rebound has been relatively slow which has created a triangle. A break above resistance (red) or below support (green) could trigger more momentum.
The EUR/USD completed an ABC rally
...The EUR/USD has bounced at the support trend line (green) but the rebound has been relatively slow which has created a triangle. A break above resistance (red) or below support (green) could trigger more momentum.
The EUR/USD completed an ABC rally
...The EUR/USD has bounced at the support trend line (green). The bullish bounce has strong resistance levels above it and a break of the top and the 38.2% Fib at 1.17 is not expected.
The EUR/USD did indeed show a bullish bounce at the bottom (wave B)
...The EUR/USD has bounced at the support trend line (green). The bullish bounce has strong resistance levels above it and a break of the top and the 38.2% Fib at 1.17 is not expected.
The EUR/USD did indeed show a bullish bounce at the bottom (wave B)
...This weeks' video reviews the USD bull rebound and the impact it could have on the major currency pairs. Especially the EURUSD rejection wick at the 38.2% Fibonacci level and the GBPUSD bearish engulfing twins offer potential strong resistance levels.
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