The EUR/USD broke below the major bottoms (dotted greens) from the weekly chart but price is showing a strong bullish bounce at the moment. The retracement could be part of a wave 2 (brown) correction.
The EUR/USD could still conti
...The GBP/USD turned around at resistance and continued with the downtrend. Price remains in a downtrend as long as price stays below the trend lines (red).
The GBP/USD turned at the Fibonacci levels of wave 4 (orange). Price could now
...The EUR/USD is moving sideways within a consolidation zone as it is not able to break above the broken support levels (dotted greens) to invalidate the wave 3 (brown) nor below the support levels (blue/green) to confirm it.
The EUR/US
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The USD/JPY uptrend is building a contracting triangle chart pattern (red/blue). A break above the resistance level (red) could see price extend the trend towards Fib targets.
The USD/JPY is building a wave 1 and 2 (green) unless price breaks below th
The EUR/USD downtrend is building a major consolidation zone the broken support levels from 2015 (dotted greens). Price will need to break below support (green/blue) before a bearish continuation becomes more likely.
The EUR/USD is
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