The EUR/USD could have completed only 1 part of the wave X (brown) correction which means that price might face resistance at the Fib levels of wave X (magenta).
The alternative wave count would be a bearish 5 wave (12345) which replaces the WXY (ma
...The EUR/USD failure to continue higher after the breakout could increase the probability of wave W (brown) being completed and the wave X (brown) starting.
The EUR/USD broke below the support trend line (green dotted) and could retrace to the Fibona
...This video analysis reviews the break-pullback-continuation of the AUDUSD, the GBPUSD trend, USDJPY correction and potential EURUSD breakout.
The EUR/USD remains above the inner support trend line (green), which could be used as a base for expanding wave C (magenta) higher. The other scenario is a deeper bearish correction for wave X (brown) before price goes to complete wave 4 (green).
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...The EUR/USD break above resistance is losing momentum quickly and showing signs of hesitation. It could be an early signal that the wave C (magenta) is completed. Typically wave 4s (green) retrace to the 38.2% Fibonacci level (once above the 23.6%) so the
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