The EUR/USD has reached the 78.6% Fibonacci level of wave X (purple) and the resistance trend line (red). This zone will either cause a bearish turn or a bullish break. A bearish reversal confirms the development of a wave X (purple) within wave D
The EUR/USD is in a wave X (purple) unless it manages to break above resistance (red) and the top Fibonacci levels. In that case a bullish break within wave X (brown) is the most likely scenario. A bearish bounce at resistance (red/Fibs) could see
The EUR/USD bounced at the support trend line (dark green) as indicated in yesterday's wave head line, but rallied with such a bullish momentum that a larger bullish ABC (blue) is probably taking place. Price is in a wave X (purple) unless it manag
The EUR/USD is respecting support (green) and resistance (red) trend lines. The current wave count is expecting price to show a bearish break towards complete an ABC (blue) zigzag within wave D (green). A break above the trend lines (red) would inv
The EUR/USD respected the 50% Fibonacci level of wave X (purple). Price could retrace to a higher Fib level such as the 61.8% or 78.6% Fib of wave X vs W before completing wave Y (purple) at wave D (green). The current wave count is expecting price