EUR/USD Wave Count ahead of Volatile Week 2015.06.29
Birželis 29, 2015 03:32
EUR/USD
4 hour
The EUR/USD dropped significantly during this week's opening after negotiations failed between Greece and its creditors over the weekend.
1 hour
The bearish momentum could bring price to lower levels as part of an ABC (green).
GBP/USD
4 hour
Any price movement that goes below 1.56 would invalidate the current wave 4 (magenta) count.
1 hour
Whether the wave 4 (magenta) has been completed depends on whether it can break above resistance.
USD/JPY
4 hour
The USD/JPY's bearish price action failed to break the support levels and remains in the wedge.
1 hour
The USD/JPY could extend the bearish momentum with an ABC if it manages to break below support.