The EUR/USD bounced at the bottom of the triangle yesterday and even managed to slightly break above resistance (dotted red) due to the bullish impact of the FOMC statement.
1 hour
The EUR/USD is probably heading towards the Fibonacci targets.
This week's video recap analyzes the various contracting chart patterns which are dominating the major currency pairs, with the exception of the GBPUSD which is showing a rising wedge breakout.
The EUR/USD remains very corrective and stays within the boundaries of a contracting wedge, which has resistance (red) and support (green) trend lines nearby.
1 hour
A bullish break would confirm the current wave count with a 4-5 (purple). Whereas a bearis