The EUR/USD building a bearish retracement but a bullish bounce will most likely not be able to break resistance, the GBP/USD could bounce at the -27.2% Fib target, but the rally could be part of a retracement for more bearish price movement to the -61.8% target, the US
...The current bearish momentum has been marked as a retracement for a wave X (purple), but this wave structure is invalidated if price manages to break below the long-term support trend line (green) and 100% Fibonacci level. The 61.8% and 78.6% Fibonacci r
...The EUR/USD did not manage to break above the 61.8% Fibonacci resistance level and instead broke below the support trend line (dotted green). This bearish breakout has seen strong momentum but price is still above long-term support (green). For the
...The EUR/USD is resuming its bullish trend with a new higher high. The momentum is not as strong as wave A (orange) and price will need to break above the resistance trend line (red) before price can make a continuation to the 78.6% Fibonacci resist
...The EUR/USD showed indecision yesterday in its movement. However, the strong bullish price action from last week still preservers and makes a bullish ABC zigzag (orange) the most likely scenario.
The EUR/USD retraced back to the 23.6%
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