Weekly Forex Overview: EUR/USD Close & Reverse 2015.04.20
This week's video analysis reviews the reversal on the US Dollar and which major pair is best setup.
This week's video analysis reviews the reversal on the US Dollar and which major pair is best setup.
The EUR/USD is most likely expanding its correction of wave Y (blue) with a wave WXY (magenta).
Price is moving up slowly and correctively within the trend channel (blue).
The GBP/USD rally could run out of steam if it completes wave W (gre
...The EUR/USD continued yesterday with its bullish bounce which could be part of an ABC correction (magenta) of a larger wave Y (blue) and wave 4 (light green). The failure for price to break below the bottom (green line) could indicate the potential for a bi
...The EUR/USD is having a bullish bounce near the daily bottom (green horizontal line).
The bullish break above resistance (dotted red) is currently lacking momentum as price has only reached the 100% Fibonacci target. If price does not manage to mov
...Yesterday's bullish momentum could be an indication that the waves WXY (magenta) have completed the wave X (blue).
Price broke the resistance of the downtrend channel (dotted red) which could indicate a potential wave 1-2 (magenta).
Yesterd
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