The EUR/USD has multiple strong support (greens) and resistance (reds) levels close by and is unable to break above or below the FOMC daily candle of March 18.
The wave X (magenta) could be placed lower if price breaks below the short-term support t
...The EUR/USD has been moving down in a channel (purple) but has various support levels nearby (green and Fib).
The bearish price action could have also resembled a falling wedge (purple lines) chart pattern which usually is followed by a bullish bou
...The EUR/USD is building a complex and corrective chart formation with limited space due to the many layers of support and resistance.
It seems the most likely that price could be breaking towards the Fibonacci targets of the Wave X (magenta), which
...This week's video analysis reviews the USD consolidation and analyzes how much potential a breakout will have this week.
The EUR/USD price action faces many layers of resistance above it due to its bigger downtrend.
Wave X (magenta) is not necessarily completed and a deeper correction could took place.
The FOMC price spike created wave W (blue) but price has
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