Weekly Forex Overview: Strong Trend vs Strong S&R
EURUSD is testing important support levels, the GBPUSD downtrend continues, the USDJPY is showing a pause within its bearish breakout, and the AUDUSD remains in a triangle chart pattern.
EURUSD is testing important support levels, the GBPUSD downtrend continues, the USDJPY is showing a pause within its bearish breakout, and the AUDUSD remains in a triangle chart pattern.
The EUR/USD broke the support trend line (green) and could be expanding the wave X (purple) correction. The wave count is vulnerable to change if price breaks below the 78.6% Fibonacci level.
The EUR/USD seems to be building an ABC bearish zigzag (oran
...The EUR/USD made a bullish bounce at the 61.8% Fibonacci retracement level and support trend line (green). A break below support could see price fall towards the 78.6% Fibonacci level. A break above resistance (red) could see price move towards Fibonacci t
...The EUR/USD made a bullish bounce at the 61.8% Fibonacci retracement level and support trend line (green). A break below support could see price fall towards the 78.6% Fibonacci level. A break above resistance (red) could see price move towards Fibonacci ta
...The EUR/USD is approaching potential support levels like the Fibonacci retracements and trend line. This zone could turn out to be a zone where price will show a bullish bounce (if it breaks above resistance) or a bearish break (if it breaks below support)
...