The EUR/USD is showing a bullish trend when looking at the recent higher lows, but the downside momentum occurred in 5 waves. This means that the bullish price action is most likely correction (brown Y).
The EUR/USD has corrected back lower to the 3
...Review of the EURUSD and GBPUSD uptrend channels, USDJPY triangle and AUDUSD bullish zigzag prior to the FOMC event on Thursday.
The EUR/USD is most likely expanding the wave 2 correction (green) via a WXY (purple) within wave Y (brown).
The EUR/USD pushed up once more on Friday which is probably a wave 5 (green) within the ABC zigzag (blue). Whether the wave 5 is completed o
...The EUR/USD is indeed retracing deeper within wave 2 (green) or alternatively wave B (green) and is very near the first Fibonacci level (38.2%).
The EUR/USD did indeed use the Fibonacci retracement levels as indicated in yesterday's wave analysis to
...The EUR/USD bounced at the bottom of the triangle support (green) and rallied to test the triangle resistance (red) as mentioned in yesterday's live strategy webinar at Admiral Markets (click here to join next week).
The EUR/USD bullish momentum coul
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