EUR/USD
4 hour
The EUR/USD is staying in between support (green/blue) and resistance (red) levels, which is building a larger consolidation zone. The breakout above or below these S&R levels will determine the next direction and whether price will start an uptrend
Hello trader,
Please find here below this week's wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts. More education, analytics, articles, and webinars can be found daily on Admiral Markets.
EUR/USD
The EUR/USD is building a bearish sideways
...EUR/USD
4 hour
The EUR/USD made a bearish retracement as expected in yesterday's analysis named "EUR/USD Prepares for ABC Zigzag in Bearish Wave 2". A bullish breakout above resistance (red) could start the wave 5 (pink) whereas a break below support makes a downtrend
EUR/USD
4 hour
The EUR/USD has probably started with the wave 5 (pink) pattern but a break above the previous top (red) and trend line (red) is needed before price can potentially reach the 61.8% Fibonacci target.
1 hour
The EUR/USD is in a break or bounce spot. A break
...EUR/USD
4 hour
The EUR/USD bullish momentum continued yesterday with a bullish breakout above resistance (dotted orange). A break below the support trend line (blue) could see price retest the left shoulder (purple lines) which could create a potential inverted head an
