The EUR/USD bullish momentum is now near a sturdy confluence of resistance (red/Fib target).
The EUR/USD made one more bullish bounce last week as part of a wave 4 and 5 (purple). It seems likely that wave 5 has been completed at the most recent high
...The EUR/USD broke above the downtrend channel and is now approaching resistance levels. Price is most likely still in a wave C (brown) but a break of the current bottom (purple) could indicate that wave C has been completed.
The EUR/US
...The EUR/USD displayed bullish momentum during yesterday's trading day, which confirmed the development of an ABC rally (brown).
The EUR/USD broke above the resistance (dotted orange) and showed a bigger bullish impulse. This could have completed a w
...The EUR/USD bounced at the 38.2% Fibonacci level. which acted as support and provided a bullish bounce. A bullish rally would confirm the development of an ABC rally (brown).
The EUR/USD broke above the bull flag (dotted purple) but price action has
...The EUR/USD retraced back to the 38.2% Fibonacci level, which acted as support and provided a bullish bounce. A bullish rally would confirm the development of an ABC rally (brown).
The EUR/USD is building a bull flag chart pattern, which is indicated
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