The EUR/USD has bounced at the support trend line (green) which was probably a correction (wave B) of the bullish momentum on Monday (wave A).
The EUR/USD bounced at the 61.8% Fibonacci support level and is now approaching a 4 hour resistance trend
...The EUR/USD broke the most recent top again and has closed with yet another higher high. The break of the next resistance line (red) could indicate the potential continuation.
The EUR/USD completed a 5 wave pattern (green) yesterday which was most l
...In this week Chris Svorcik reviews the AUDUSD bearish break, the USDJPY reversal, the GBPUSD bounce at the 61.8% Fib and the EURUSD rebound at 1.08
The EUR/USD is building a bullish corrective pattern with a WXY (lavender).
The EUR/USD broke above the resistance trend line (purple) after a bounce at the Fibonacci support level. The confluence of resistance trend lines (orange and red) is an imp
...The EUR/USD could have completed an ABC zigzag correction (blue) during yesterday's trading. The ABC could be part of a bigger WXY (lavender) correction.
The EUR/USD stopped at the 100% Fibonacci target which confirms that an ABC development seems m
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