This week's video analysis reviews the potential for the EUR/USD and the GBP/USD to make a bullish bounce and which S&R levels are key for the long-term. It also reviews the uptrend continuation on the USD/JPY and the key bounce or break spots for the AUD/USD.
...The EUR/USD broke the resistance trend line (dotted red) but price action has not been impulsive. A break below the 61.8% Fibonacci level could see price fall towards the 78.6% Fib.
The EUR/USD could either be making a bear flag pattern (bearish) or
...The EUR/USD has been labeled with a completed wave C (purple) and wave B (magenta), although price needs to break above the resistance trend line (red) for a confirmation of that wave count.
The EUR/USD remains in a downtrend channel (red and light gr
...The EUR/USD made one more push lower and then bounced at the 100% Fibonacci level of C vs A. Price needs to break above the resistance trend line before it becomes clear that wave C (purple) has been completed.
The EUR/USD has multiple divergence o
...The EUR/USD wave count is indicating a potential for a bearish zigzag (indicated by the purple ABC). The alternative is that wave 4 (green) has been completed at the most recent top and a bigger downtrend has started. It will be important to see if and ho
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