The EUR/USD managed to break above the 1.15 resistance level (dotted red) after it completed the wave X (purple) last week. Price could continue to higher Fibonacci targets. The wave C (blue) could change into a wave 3 if price manages to extend the bullis
...The GBPUSD is showing bullish strength as monthly and weekly candles close near the highs, the EURUSD has bullish momentum as well but is near key 1.15 resistance, the USDJPY has reached the critical 38.2% Fibonacci level of the monthly chart and the AUDUSD is showing s
...The EUR/USD has indeed showed a continuation of the uptrend within the waves Y as indicated last week. Price is now reached a heavy resistance zone (red). A break above it could see price continue towards the Fibonacci targets.
The EUR/USD broke abo
...The EUR/USD broke above resistance (dotted orange), which expands the larger WXY (purple) development towards resistance (red). As long as price stays in the bullish channel, then a continuation of the uptrend is likely as part of the Y waves.
The E
...The EUR/USD is in bullish trend channel (purple) with resistance trend lines (orange) closeby. A bearish bounce would confirm the wave X (green) correction; whereas a bullish breakout would see the larger WXY (purple) develop towards resistance (red).
