The EUR/USD break above resistance (dotted lines) is showing strong bullish momentum. Price is approaching Fibonacci targets of wave 5 (purple) which could complete wave 3 (green).
The EUR/USD is building a triangle correction (red/
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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 broke above the resistance tre
...The GBP/USD could build a potential break, pullback, and continuation pattern after breaking the resistance trend line (dotted red), which could be explained by the potential wave 3, 4 and 5 (orange).
The GBP/USD seems to be in the f
...The EUR/USD used the key resistance at 1.13 (dotted lines) again but this time as a support level (blue box). As mentioned yesterday, the bullish continuation does not come as a surprise considering the potential wave 3s. Price is now above 1.14 a
...The EUR/USD broke above the critical and important resistance levels at 1.13 (dotted orange and red lines) which invalidated the bearish wave structure. Price also has managed to finally break the sideways range which was indicated by support (blu
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