The EUR/USD bullish bounce has reached a resistance trend line (red). The bullish momentum is in control at the moment and a breakout now or later this week seems most likely. The Fibonacci levels are targets for the breakout.
The
...The EUR/USD developed one more bearish dip to fully hit the long-term support trend line (green) and the 78.6% Fibonacci level. A break below this trend line would indicate a long-term bearish breakout potential and has change the current wave stru
...The EUR/USD showed a bullish bounce as part of a wave X (purple). Price now needs to break above resistance (orange/red) for a wave Y (purple/brown) continuation to take place.
The EUR/USD did not break below the 61.8% Fibonacci ta
...The EUR/USD broke the support trend line (dotted green) after yesterday's strong bearish 4 hour candle appeared. From a long-term perspective price is still above key support such as the daily trend line (solid green).
The EUR/USD seems to b
...The EUR/USD has respected the golden ratio, which is the 61.8% Fibonacci level. Price then broke above the steeply angled resistance trend line (dotted orange). Whether price has fully completed the wave X (purple) depends if it break above the res
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