Weekly Forex Overview: USD Bear Momentum
Weekly recap video discusses the EUR/USD buillish momentum at the monthly support level, the GBPUSD downtrend and resistance, the AUDUSD bullish breakout and the USD/JPY indecision consolidation zone.
Weekly recap video discusses the EUR/USD buillish momentum at the monthly support level, the GBPUSD downtrend and resistance, the AUDUSD bullish breakout and the USD/JPY indecision consolidation zone.
The EUR/USD strong bullish momentum last week Thursday completed the 5th wave (purple) and broke layers of resistance (orange/red). Price could be building an ABC zigzag.
The EUR/USD is building a mild angled channel (purple lines), which could be a
...The Euro showed high levels of volatility and strong bullish momentum versus the US Dollar yesterday. The EUR/USD moved from a low around 1.0520 to a high near 1.10. The momentum could broke various resistance levels (dotted lines) and could be marked as w
...The EUR/USD made a bearish fall during yesterday's trading day but again failed to break the 138.2% support Fibonacci level. Price remains trapped between support and resistance.
The EUR/USD respected the resistance trend line (orange) and made a be
...The EUR/USD showed a bullish bounce yesterday from the 138,2 support Fib but price is now at a resistance level (orange) of the downtrend channel. This is a break or bounce for the EURUSD. A bullish break could see price retrace higher as part of wave Y (b
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