The EUR/USD seems to be building a bearish correction (wave X purple) within a bigger wedge formation (trend lines green and brown).
The EUR/USD has clear levels that market the invalidation of wave X (purple) via the support (green) and resistance
...The EUR/USD broke above the internal resistance (red) within a bigger wedge (brown/green) which could be explained by a WXY wave pattern (purple). The top of wedge (brown) could be a major resistance spot.
The EUR/USD bounced at the 38.2% Fibonacci
...The EUR/USD managed to rally above the resistance trend line (red) and moved up towards the Fibonacci targets of wave Y versus W.
The EUR/USD probably completed wave C (blue) of a bigger ABC as mentioned in yesterday's analysis.
The G
...The EUR/USD managed to break above one of resistance trend lines (red) and could potentially move higher towards the Fibonacci targets of wave Y versus W.
The EUR/USD bounced off the support (green) trend line for another bullish rally, which could
...The EUR/USD moved up yesterday but turned around at the confluence of resistance (red trend line and 611.8% Fibonacci target). Price remains in a wedge with support (green) and resistance nearby.
The EUR/USD completed an ABC (green) within wave Y (b
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