The EUR/USD broke below the long-term support trend line (dotted blue) but it will need to break below 1.11 before a potential wave 3 becomes likely. At this point a break, pullback and continuation seems the most probable via a wave 1 and 2 (brow
...The EUR/USD is testing the long-term support trend line (dark blue). Price will need to break below that support trend line before a potential new downtrend within wave 3 (brown) is possible.
The EUR/USD invalidates wave 2 (brown)
...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. http://www.admiralmarkets.com/
The EUR/USD
...The EUR/USD showed strong bearish momentum which is why it has been marked as a wave 1 (brown). However, price will need to break below the support trend line (blue) to confirm the end of the long-term uptrend.
The EUR/USD is build
...The USD/JPY has strongly bounced at the 88.6% Fibonacci level of wave B (brown) and price managed to break above the resistance trend line (red) as well. Price has most likely completed wave B (brown) and is building bullish momentum (orange 3) wi
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