The EUR/USD continues to push lower with strong bearish impulse, which could either be a wave 1 (light green) or wave A (dark green). The strong bearish trend is indicated by the resistance trend line (orange). A break above this level could signal
...The United Kingdom (UK) has officially and formally triggered Article 50 on Wednesday 29 March 2017, which starts the British exit (Brexit) out of the European Union. The process and negotiations will last 2 years and the UK is set to leave the EU b
...The United Kingdom (UK) is set to trigger Article 50 today, which formally announces its exit out of the European Union (EU). There is a two year window for negotiations to take place and to sort out all of the details regarding the Brexit process.
...The EUR/USD indeed continued with the uptrend yesterday by breaking slightly above 1.09. Price has bounced at the 61.8% Fibonacci target of wave C (green) could extend towards the 100% Fibonacci target near the psychological round level of 1.10.
The EUR/USD broke above the 1.0828 resistance level which has invalidated last week's wave 2 structure. With the bullish break it seems likely that price will continue with the uptrend as part of wave C (green).
The EUR/USD could b
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