The EURUSD bounced at the 2 trend line support (blue and black), then broke resistance (orange) trend line to move up to the 61.8% target (blue) as shown in yesterday’s charts.
4 hour chart EURUSD:
A break above resistance (purple trend line) or a break below suppo
The EURUSD made some upside gains during the news events last week but it is now sitting at a resistance line (solid purple) which is a bounce or break spot.
4 hour chart EURUSD:
Will the EU bounce or break this line? The wave count be impulsive (1-2’s) or correcti