EURUSD
With the release of the NFP and unemployment rate figures, price action will be volatile and all wave counts are subject to change.
Price is now at the 4 hour bottom, which could be a bounce or break spot depending on NFP.
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...EURUSD
Yesterday’s price action was bearish, which increases the odds of it being a wave X (blue).
Potential break outs (green & red arrows) could occur above yesterday’s daily high (purple trend line) or below daily low (purple line).
60 min chart
...EURUSD
Price has slowly pushed through the resistance (magenta trend line). The lower time frame shows which levels are important for today’s movements.
Potential break outs (green & red arrows) could occur above yesterday’s daily high (purple tre
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Price is now potentially making a wave Y (purple) of a bigger wave X (red) correction before the uptrend (light blue lines) continues. Whether wave X (red) finished at the 50% Fibonacci level or retraces lower to the 61.8% Fib remains to be seen.
4 hour chart EURUS
...EURUSD
Price is now potentially making a wave X (purple) of a bigger wave X (red) correction before the uptrend (light blue lines) continues. Whether wave X (red) finished at the 50% Fibonacci level or retraces lower to the 61.8% Fib remains to be seen.
4 hour chart EURUS
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