The EURUSD could have completed the big wave 3 (green) although more confirmation is needed before the probability of a wave 4 (green) underway has increased.
60 min EURUSD:
The bullish momentum could be best explained by a 5 wave (magenta) belonging to a bi
The EURUSD has pushed above the down trend channel (orange) but did not manage to break last week’s high (red). It remains to be seen whether waves 5 (blue and magenta) are completed or whether the bullish momentum is a retracement for more downtrend.
The EURUSD has pushed above the down trend channel (orange) but did not manage to break last week’s high (red). It remains to be seen whether waves 5 (blue and magenta) are completed or whether the bullish momentum is a retracement for more downtrend.
The EURUSD has pushed above the down trend channel (orange) but did not manage to break last week’s high (red). It remains to be seen whether waves 5 (blue and magenta) are completed or whether the bullish momentum is a retracement for more downtrend.
The down
trend is well captivated by the trend lines (orange) and is close to reaching
monthly support (green line) at 1.2050-1.2250. Although the bullish spikes are gaining
more momentum, price is still in the downtrend channel.