The EUR/USD bounced at the trend line (blue) and remained between the resistance (orange) and support (blue). Today's Non-Farm Payroll (NFP) data and unemployment figures in the US could push price higher to deeper Fibonacci levels or lower and cause a bre
...A break below support (green) could initiate the start of wave 3 or C (green). For the moment I have the current bearish price movement marked as a wave X (blue) within wave 2 (brown), but a bearish break would change the wave count to a bearish impulse as
...The EUR/USD is building a larger consolidation zone within the wave 2 (brown). The Fibonacci levels are resistance zones as part of wave 2 (brown) for a bearish continuation. A break above the top (100%) invalidates the 1-2 development whereas a break belo
...The EUR/USD is pulling back again within the wave 2 (brown) and has a potential of moving towards the 61.8% or the 78.6%. A break above the top (100%) invalidates the 1-2 development whereas a break below support (green) could initiate the start of wave 3
...Weekly recap video with a review of the EURUSD retracement or bearish breakout potential, the GBPUSD bearish continuation, the USDJPY contracting triangle completion and the AUDUSD bearish rejection.
