The EUR/USD indeed built a bearish bounce yesterday at the 38.2% Fibonacci retracement level. The bullish momentum was strong which makes a wave 3 (purple) likely. A retracement for wave 4 (purple) seems to be taking place as price is making a tria
...The EUR/USD uptrend showed one more bullish push yesterday but price is now near the 38.2% Fibonacci resistance level of wave e (green), which is part of a wave d-e (green) daily triangle. The bullish momentum seems to be a 5 wave (blue) within a l
...The EUR/USD bullishness continued to higher levels yesterday. The strong momentum is making a wave 3 (blue) more likely now. All in all the bullish trend is probably part of a wave d-e (green) daily triangle.
The EUR/USD breakout a
...The EUR/USD bullish correction (wave W) could be part of a larger daily triangle via a wave d-e (green) unless price breaks below the most recent bottom at 1.0850.
The EUR/USD bounced at the 61.8% Fibonacci level yesterday. A break
...The EUR/USD broke above the triangle (dotted orange) and is expanding the bullish correction, which makes it more likely that a continuation of the daily triangle via wave d-e (green) is occurring. For the moment this correction has been labelled WX
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