The EUR/USD broke above the resistance (dotted orange) of the triangle chart pattern, which could mark a continuation of the uptrend. A break above the previous top (dark red) could see price move towards the Fibonacci targets of wave 5 (blue) at
...The GBP/USD made a bullish bounce at the support trend line of the bullish channel and price is now challenging the round level of 1.40, which is an important bounce or break spot. A breakout could see price move towards the next Fibonacci target.
...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. https://admiralmarkets.com/analytics/
The EUR/USD is building a sideways retracement and the triangle chart pattern is probably just a correction within the uptrend. A bullish breakout above the resistance trend line (dotted red) could indicate the uptrend continuation towards the Fib
...The EUR/USD is uptrend still remains intact due to the bullish bounce at support. The bullish breakout above the resistance trend line (dotted red) could indicate the uptrend continuation towards the Fibonacci targets of wave 5 (blue).
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