The EURUSD bounce at wave X (purple) is most likely part the bigger wave 4 (orange). The main lines to watch are the support (green) and resistance (orange).
60 min EURUSD:
Fourth waves usually take long to unfold which means that price could consolidate for
The EURUSD break of the support trend lines (greens) could indicate a completion of wave 4 (orange) at the most recent top (current wave X purple). In most cases however, wave 4’s take longer to compete in terms of time, which is the reason that price coul
The EURUSD break of the support trend lines (greens) could indicate a completion of wave 4 (orange) at the most recent top. In most cases however, wave 4’s take longer to compete in terms of time, which is the reason that price could be expanding a correct