Weekly Forex Overview: Forex After Greek Referendum 2015.07.06
This week's video analysis is on the Forex market after Greek referendum, GBPUSD bounce or break spot, AUDUSD downtrend
This week's video analysis is on the Forex market after Greek referendum, GBPUSD bounce or break spot, AUDUSD downtrend
The Greek no vote to the referendum on Sunday created bearish pressure on the EUR/USD but it did not invalidate the ABC (light purple) formation which is the blue support trend line. The green line is the invalidation level for the WXZ (green) count.
The EUR/USD wave count is very vulnerable to change with the lingering insecurity of any euro zone news.
The EUR/USD has bounced at the 78.6% Fibonacci retracement level. A break of the resistance could see a potential start of wave C, although pric
...The EUR/USD wave count is very vulnerable to change with the lingering insecurity of any euro zone news.
The invalidation level of the wave B (green) is if price breaks below the support line (blue).
The GBP/USD broke be
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The EUR/USD wave count is very vulnerable to change with the lingering insecurity of any euro zone news.
Price has stopped at the 50% Fibonacci level of the wave A (blue), which had a strong impulse. A potential wave C could take place if price break
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