The EUR/USD price action has been moving choppily within the wave 2 or wave B (green). A downtrend is confirmed when price has made a clear higher low via a potential wave 2 (orange) or when price breaks the 2 support trend lines.
The EUR/USD broke
...This video recap reviews the EURUSD bearish turn around potential the resistance zone, the GBPUSD triangle for one more push up to the 78.6% resistance Fib and the AUDUSD triangle.
Whether the EUR/USD completed its bullish price action and thereby wave 2 or wave B (greens) depends on whether price is able to push below the various layers of support (green trend lines).
The EUR/USD is in a mini triangle chart formation (red / g
...The EUR/USD seems to have completed a bullish 5 wave (green), which in turn could have completed the larger wave 2 (green) or wave B (green). Price has reached an interesting point where it will either continue with the bullish correction up to the 78.6% F
...The EUR/USD has broken through the resistance top (dotted purple) and thereby invalided the wave count which therefore necessitates a change in the wave structure. Price has been marked as a wave 5 (green) within a bigger C (blue) correction within waves Y
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