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English (International)
The break above the top and 23.6% Fibonacci retracement level means the completion of the wave X (magenta) and the continuation of the wave Y (magenta). Eventually price could reach the 38.2% Fib (long-term target).
The intermediate targets are closer
...Price stopped and retraced at the 23.6% Fibonacci retracement of wave 4 (green) but the EUR/USD is already challenging the top again, which is a bounce or break spot.
The wave count is expecting a bounce back down at resistance (red) as part of a bigge
...The resistance at the 23.6% Fibonacci level of wave 4 (green) was not broken yesterday and price is retracing lower from that area, which is probably part of the wave X (magenta).
The support trend line (green) is the neck line of a head and shoulders
...This weekly video analysis reviews the EUR/USD bullish monthly candle and what kind of impact the first bullish candle in almost a year will have on the pair. Expecting a bearish retracement followed by a bullish continuation up to the 38.2% Fib. Other pairs like GU and
...The EUR/USD has reached a key resistance level of 23.6% Fibonacci level of wave 4 (green). Therefore it seems most probable that a retracement will occur for wave X (magenta).
The rising wedge chart pattern (light green and orange) broke and could be c
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