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The EUR/USD could be in a wave B (purple) bearish retracement If price is able to break below the support trend line (blue). A bearish breakout could see price fall and challenge the Fibonacci levels of wave 2 vs 1 (pink).
The EUR/U
...The EUR/USD could be in a wave B (purple) bearish retracement but the bullish price action looks strong. A push higher could occur based on yesterday's bullish bounce but a break above the 100% Fibonacci level invalidates the wave B zigzag pattern.
...The USD/JPY broke above the resistance of the bearish channel (dotted red). The bullish breakout could indicate the completion of wave 2 or wave B (purple) as well. The key levels are the Fibs of wave X (pink) because a bearish bounce could see pri
...The GBP/USD made a bearish bounce at the resistance (red) zone but then found strong support about half way the range. The bullish bounce is showing strong momentum and price could now be ready for a larger bullish breakout. For the moment the beari
...The EUR/USD uptrend is probably in a wave 5 (purple) of a larger wave 1 (pink). The 5th wave managed to reach 1.1960 but missed the 1.20 round level by a little bit. Price could still reach this resistance level later this week by extending wave 1
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