The EUR/USD bounced at the 23.6% Fibonacci support level of wave 4 (blue). Price broke above the steep trend line (dotted orange) and could be ready to test the resistance levels at 1.1850 at 1.1950. A failure to break these resistance zones could
...The EUR/USD bearish price action could be part of a potential wave 4 (blue) which makes the 23.6% Fibonacci level a potential support and bouncing spot.
The EUR/USD seems to be making a final wave 5 (grey). Price might not complete
...The GBP/USD seems to be building a falling wedge chart pattern (green/yellow lines). Price is now testing the support of that wedge. The corrective chart pattern fits within the larger wave 4 (blue) correction.
The GBP/USD has many s
...The EUR/USD closed with a bearish daily candle yesterday, which could indicate potential further bearish pressure today. However, despite the break of the support trend lines (dotted green), price is still at the bottom (green) of the sideways ran
...The EUR/USD is moving sideways as price stays in between support (green) and resistance (red) trend lines. The overall trend however is up and a bearish break could stop at the Fibonacci support levels of wave 4 (blue). A bullish breakout could in
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