The EUR/USD is testing major support (green) from the daily-weekly charts but seems unable to break below these levels for the moment. If a break does occur below support (blue) then this indicate a downtrend continuation. A bullish bounce at the s
The EUR/USD broke the support trend line (dotted blue) and is now retesting the major support levels (green) from the daily-weekly charts. A break below these support (blue) levels could indicate a downtrend continuation, whereas a break above the
The EUR/USD downtrend is taking a long pause near major support levels (green) from the daily-weekly charts. A break above the resistance trend line (orange) could start a wave 2 (green) correction whereas a break below the minor support (blue) see
The EUR/USD downtrend seems to be running out of momentum as price approaches bottoms (green) from the daily chart. A break above the resistance trend line (orange) could start a wave 2 (green) correction.
The EUR/USD downtrend is approaching the bottoms (green) from the daily chart, which could act as potential bouncing spots if price is indeed in a wave 5 (brown) of wave 1 (green).