The EUR/USD broke below the support trend line and zone (dotted blue) yesterday and has space to continue towards the 38.2% Fib of wave 4 vs 3 (light purple). A bullish correction within wave 4 (blue) should take price back to the 23.6%-50% Fibona
...The EUR/USD broke below the support trend line and zone (dotted blue) yesterday when the European Central Bank (EBC) president Draghi was announcing the continuation of the Quantitative Easing program. The Euro reacted bearishly and fell against t
...The EUR/USD is facing an interest rate decision later today by the European Central Bank (ECB), which could cause strong price movement and volatility. From a wave perspective, price could be finishing a wave 1 (blue) and ready for a retracement b
...The GBP/USD needs to break below the support (blue) trend line before a larger bearish breakout is triggered. A break above resistance (red) could indicate that a larger wave C (orange) can take place.
The GBP/USD could be in a wave
...The EUR/USD is testing the support zone at 1.17 again. A break below this zone (blue) will probably indicate a larger correction within wave 4 (light purple). A break above resistance would confirm a bullish breakout within wave C of wave X (pink)
...