A review of the EURUSD support trend line, the GBPUSD rejection at the 78.6% Fibonacci retracement, the USDJPY contracting triangle and the AUDUSD divergence and potential retracement within its downtrend.
The EUR/USD completed a bullish ABC (purple) but stopped and respected the 61.8% Fibonacci retracement level of the wave 2 (green). The quick fall after that could a first indication of wave 3 (green) start but the break of the uptrend channel (green) is n
The EUR/USD direction will be dependent on tomorrow's FOMC news event and potential interest rate hike in the USA. For the moment price is above support (green) and could be posting a new higher low as part of a wave X (purple).