The EUR/USD needs to break below the support (green lines) levels before a wave 3 (green) continuation is possible and likely. For the moment a larger wave 2 (brown) correction seems to be taking place via a WXY (purple). A break above the 100% Fib a
...The EUR/USD is not able to break below horizontal support (green line) and a larger correction within wave 2 (brown) via a WXY (purple) seems likely. Price needs to break below the 1.08 support level (light green) before a bigger wave 3 (green) con
...The EUR/USD is breaking below the support trend line (dotted green) after bouncing at the 50% Fibonacci retracement level of wave 2 (brown). Price could now fall to challenge the 1.08 support level (green). A wave 3 (brown) becomes more likely if p
...The EUR/USD is respecting the 50% Fibonacci retracement level of wave 2 (brown). A bearish breakout below the support (light green) of the bull flag chart pattern could spark the start of a wave 3 (brown) as seen on the USD/JPY as well earlier this
...The EUR/USD is expanding the wave 2 (green) correction via a WXY (brown). A bearish breakout could lead to a continuation of the bearish momentum (wave 1 green) and could therefore be the start of a wave 3 (green).
The EUR/USD is b
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