The EUR/USD has approached a resistance trend line (orange) which is a bounce or break spot. A bearish bounce would confirm the wave X (green) correction; whereas a bullish breakout would see the larger WXY (purple) develop towards resistance (red).
T
...The EUR/USD bounced at the 38.2% Fibonacci level but needs to break above the resistance (orange) trend line before wave X (purple) could be considered completed.
The EUR/USD is building a bullish channel but the angle has been shallow, which increa
...The Forex market has reached critical zones. The EURUSD is near key Fibonacci levels, the GBPUSD has a massive weekly resistance trend line above it, the USDJPY has multiple layers of resistance just ahead and the AUDUSD seems to be building a bearish ABC zigzag in an u
...The EUR/USD is still showing choppy price action on this 4 hour chart. Price remains entrapped the support (green) and resistance (orange) trend lines. A bullish bounce seems most likely if price manages to stay above the 50% Fibonacci level. A push below
...The EUR/USD is showing choppy price action between support (green) and resistance (orange) trend lines. Price remains entrapped between these levels and mark the boundaries of the corrective zone. A push below the 50% Fibonacci retracement level of wave X (
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