4 hour EURUSD:
Price is reaching the bottom of two down trend channels (blue and purple) plus a weekly support line (green), which could be difficult for price to break through.
60 min EURUSD:
Price seems to be building on a falling wedge chart pattern (blue lines).
GBPUSD
4
...4 hour EURUSD:
The EURUSD could have completed the 3rd wave (orange) but more confirmation is needed. The price action of all pairs could be volatile depending on the Scottish independence referendum results which are expected to be released on Friday morning (local time
...4 hour EURUSD:
Price is falling down towards its targets such Fibonacci levels, a weekly bottom (green) and bottom of channel (purple).
60 min EURUSD:
A breakout did indeed occur yesterday (see post 17 September) below the support (green) trend line (and around the 161.8%
...4 hour EURUSD:
The trend remains bearish as long as price stays in the downtrend channel (blue).
60 min EURUSD:
A breakout (red arrows) could occur if price breaks below the support (green) trend line.
GBPUSD
4 hour GBPUSD:
The price action of all GBP pairs could be highly de
...4 hour EURUSD:
Price is making a bear flag (green lines) within two downtrend channel (blue and purple lines).
60 min EURUSD:
Added to the chart are Fibonacci time percentages to have a better grasp when the wave 4 potentially could complete. The trend remains bearish as l
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