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English (International)
EUR/USD
The EUR/USD showed strong bullish momentum at the support zone (green). A bullish breakout
above resistance (orange/red) could confirm the continuation of the uptrend whereas a bearish
break below support makes a wave 4 (pink) less likely and a downtrend more
...Meta description: A break below the support trend lines makes a wave 4 less likely whereas a bullish break above 1.25 and the resistance trend line could see price continue higher towards the Fibonacci targets of wave 5.
Hello trader,
Please find here below this week's wa
...EUR/USD
4 hour
The EUR/USD bullish breakout above resistance (orange/red) could restart the old uptrend whereas a bearish break below support makes a wave 4 (pink) less likely and a downtrend more probable.
1 hour
The EUR/USD seems to have completed 5 bullish waves (blue)
... The USD/JPY completed a wave 4 (blue) and is confirming a wave 5 (blue) pattern with its bearish break below the support trend lines (dotted blue). A bearish continuation towards the 105 round level now seems likely.
The USD/JPY could be building b
...EUR/USD
4 hour
The EUR/USD is trying to break below the previous bottom (green) but the bearish price action is mild and candles are small. The support zone and the 50% Fibonacci level of wave 4 (pink) is a key decision level for a bullish bounce or bearish breakout. A
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