EUR/USD
The EUR/USD showed strong bullish momentum at the support zone (green). A bullish breakout
above resistance (orange/red) could confirm the continuation of the uptrend whereas a bearish
break below support makes a wave 4 (pink) less likely and a downtrend more
...Meta description: A break below the support trend lines makes a wave 4 less likely whereas a bullish break above 1.25 and the resistance trend line could see price continue higher towards the Fibonacci targets of wave 5.
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Please find here below this week's wa
...EUR/USD
4 hour
The EUR/USD bullish breakout above resistance (orange/red) could restart the old uptrend whereas a bearish break below support makes a wave 4 (pink) less likely and a downtrend more probable.
1 hour
The EUR/USD seems to have completed 5 bullish waves (blue)
... The USD/JPY completed a wave 4 (blue) and is confirming a wave 5 (blue) pattern with its bearish break below the support trend lines (dotted blue). A bearish continuation towards the 105 round level now seems likely.
The USD/JPY could be building b
...EUR/USD
4 hour
The EUR/USD is trying to break below the previous bottom (green) but the bearish price action is mild and candles are small. The support zone and the 50% Fibonacci level of wave 4 (pink) is a key decision level for a bullish bounce or bearish breakout. A
