EUR/USD’s Bearish Channel Faces 50% Fibonacci Support 2015.08.19
Kolovoz 19, 2015 04:30
EUR/USD
4 hour
The EUR/USD currently shows a bullish wave count with a potential WXY (purple). The invalidation level is the bottom of the triangle (green). Today's FOMC statement could have a major impact on the US Dollar.
1 hour
A break above the resistance trend line (orange) could confirm the completion of wave X (purple).
GBP/USD
4 hour
Today's FOMC statement could have a major impact on the US Dollar.
1 hour
The GBP/USD news release sent the GBP/USD higher, which has been labeled a wave A (magenta) due its momentum.
USD/JPY
4 hour
Today's FOMC statement could have a major impact on the US Dollar.
1 hour
Price action was very impulsive during the wave A (purple) and the subsequent triangle is for the moment marked as wave B (purple) triangle unless price manages to break above the top.