The EUR/USD made a drop to lower levels after the break of support (light blue). Both the 38.2% at 1.11 and the 50% Fib at 1.10 are potential support levels.
1 hour
The strong bearish impulse on EUR/USD could only be one part of a bigger bearish zigzag (A
The EUR/USD is respecting the heavy resistance layer (red) and moving to lower price levels. Price could be making a bullish zigzag which makes the Fibonacci levels (B vs A) bouncing spots.
1 hour
The EUR/USD broke the intermediate support (dotted blue) t
The EUR/USD pushed one more time higher yesterday but could have completed the wave 5 (orange) when looking at the engulfing candle stick pattern (magenta circle) and resistance nearby (red). The 4 hour support (green) could still be an important level to r