The EUR/USD continued with the uptrend as expected in yesterday's analysis. The bullish breakout above the resistance trend line (dotted red) saw price move towards the 61.8% Fibonacci target. Price could potentially extend the bullish momentum to
...The USD/JPY downtrend broke below the support trend line (dotted green) and could continue towards the Fibonacci targets of wave 5 (orange). The 110 round level is also a potential support level where price could build a bullish retracement.
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 turned near the quarter resistance level of 1.1750 and top of the bullish channel (red/blue), which could complete the wave 5 (orange). If price manages to break above the previous top, then a larger trend continuation within wave 5 (o
...As expected the Federal Reserve (Fed) left the interest rates unchanged for the US, which caused the US Dollar to weaken against multiple currencies, including the Euro. Prior to the FOMC statement in the US, the EUR/USD retraced back to the 23.6%
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