The EUR/USD bounced a 3rd time at the support trend line (green) to stay within the boundaries of the wave 2 (brown). There is a chance for price to pullback deeper within that wave 2 towards the 61.8% or the 78.6% but a break above the top (100%) invalida
...The EUR/USD saw a bullish retracement yesterday as part of wave 2 (brown). Price stalled at the 50% Fibonacci retracement level.
The EUR/USD completed a bullish ABC correction but the pair is showing the potential for a bearish ABC correction (blue)
...The EUR/USD is showing bullish 4 hour candles which could indicate that wave 1 (brown) has been completed and price is retracing for wave 2 (brown). Price has already hit the 38.2% Fib but on average waves 2 retrace deeply.
The EUR/USD had a volatil
...The EUR/USD broke the support trend line (dotted green) most likely as part of a wave 1 (brown). The bearish price action is probably part of a bigger wave 3 or C (green). A wave 3 would certainly need to break below the bigger weekly support zone (solid g
...The EUR/USD is still in a bullish angled channel (trend lines) but the bearish price action occurred in 5 waves which is most likely part of wave 1 or wave A (both green). A break of the support trend line (green) would confirm the completion of wave 2/B (
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