The EUR/USD completed a bullish ABC zigzag (purple) as expected and price turned at the Fibonacci levels of wave2 (green). The strong decline could be part of a wave 3 (green) if price manages to break below the weekly support zone (green lines).
...The EUR/USD turned at the 38.2% Fibonacci support level of wave B (purple). The bullish zigzag could price towards the Fib levels of wave C (purple) and wave 2 (green) but a break above the 100% level invalidates the wave count.
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...The EUR/USD bullish bounce at the support zone (green lines) could see a continuation higher once price completes a wave B (purple) at one of the Fibonacci levels. The bullish zigzag should price towards the Fib levels of wave 2 (green) without break
...The EUR/USD bounced at the support zone (green lines) as expected and indicated in yesterday's wave analysis. The bullish rally has been strong and impulsive but could face resistance at the Fibonacci levels of wave 2 (green). Waves 2 do tend to re
...The proposed Constitutional amendment vote in Italy was rejected in a referendum on Sunday 4 December. The no vote won by a clear majority and took nearly 60% of the votes. The EUR/USD reacted with bearishness to the news and fell back to the daily
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