Important data is being announced in the US today. The NFP figures and the unemployment rate will indicate how well the employment market is doing in the current economic environment.
EUR/USD is still building a bullish retracement within wave
...The GBP/USD is building a triangle above the broken resistance trend line (dotted red). Price was unable to break below the long-term support trend line (blue) and is now retesting the Fibonacci levels of wave 4 vs 3 (green). A break above the 6
...The GBP/USD break above the resistance trend line (dotted red) of the channel and has built a larger correction at the larger support trend lines (blue). A break above the 61.8% Fibonacci level invalidates the bearish wave pattern and indicates that
...The EUR/USD has retraced to the 38.2% Fibonacci level of wave 4 (blue) which could be a resistance zone. A break below the bear flag (green) could indicate the continuation of the wave 5 (blue) within a larger wave C (purple).
The E
...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/
