The AUDUSD is showing a potential for a bullish bounce and the USDJPY for a bearish bounce. The EURUSD and GBPUSD remain choppy but the EURUSD could be respecting the important 38.2% Fibonacci retracement level.
The EUR/USD has stopped at the 38.2% Fibonacci level of wave X (blue). Price could use this zone for a bullish bounce or a bearish break towards lower Fibonacci retracement levels.
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The EUR/USD is in pro-longed corrective channel as indicated by the
The EUR/USD is building a bearish correction towards the 38.2% Fibonacci level of wave X (blue).
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The EUR/USD is in pro-longed corrective bearish channel. A break below the 50%/61.8% Fibonacci increases the likelihood that price is not retracing but