The EUR/USD continued with building a bearish retracement as part of a potential wave 4 (purple). Price has slightly broken below 23.6% Fibonacci level of wave 4 vs 3, which could still act as a support level. But a full bearish breakout could ind
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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. https://admiralmarkets.com/analytics/
The EUR/USD is building a bearish retracement within a potential wave 4 (purple). The Fibonacci levels of wave 4 vs 3 could act as support levels for a continuation within the 3rd wave (pink). A break below the 50% Fib makes a wave 4 less likely.
...The EUR/USD bullish breakout has reached the main target at 1.25 as mentioned in our analysis throughout the week. Price bounced at the round 1.25 level and trend line (orange) but the bearish price action could be just a pullback within a larger
...The GBP/USD bullish breakout above the resistance trend line (dotted orange) and 1.40 round level has been very strong so far. The Cable gained 300 pips in just a couple of 4 hour bars and is not showing any signs of weakness as yet. The current bul
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