The EUR/USD bounce at the 23.6% Fibonacci support level of wave 4 (blue) has not managed to break above the resistance at 1.18. A break above the resistance trend line (red) could start a bullish breakout whereas a third attempt to break below the 2
...The EUR/USD broke the resistance trend line (dotted orange) which could indicate that price is making a second bounce at the 23.6% Fibonacci support level of wave 4 (blue). A third attempt to break below the Fib could start a larger correction tow
...The EUR/USD is trying to break below the 23.6% Fibonacci level. could create a larger ABC (green). A bearish breakout could see price fall towards 1.15 at the 38.2% Fibonacci level of wave 4 vs 3, which in turn could act as potential support.
The EUR/USD bullish bounce at the 23.6% Fibonacci level could create a larger ABC (green) or a new uptrend (123 purple). These 2 scenarios are invalidated if price breaks below the 23.6% Fib. In that case, price will most likely make a bearish bre
...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.
The EUR/USD is testing th
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