The EUR/USD broke the support trend line (dotted green) and the wave count now shows the ABC (orange) completing the wave Y (green). Whether the bearish break is a reversal for more downside or a retracement for more upside remains to be seen. The purple t
The EUR/USD seems to be building a bull flag chart pattern within the impulsive wave C (green). A breakout above the flag could see price develop a bullish continuation until the next resistance zone such as the Fibonacci targets and trend lines (orange/re
Is the US Dollar making a bearish continuation of a bullish reversal? The EURUSD reached the first -27.2% Fibonacci target, the GBP/USD reached the 78.6% Fibonacci level, the USDJPY made a bearish break below the triangle, and the AUDUSD is in uptrend but did hit a larg
The EUR/USD continued its bullish breakout to higher levels as part of an impulsive wave C (green). The resistance levels (red) and Fibonacci targets could be points on the chart where price could reverse.
The EUR/USD continued its bullish breakout to higher levels as part of an impulsive wave C (green). The resistance levels (red) and Fibonacci targets could be points on the chart where price could reverse.