The EUR/USD remains positioned in a contracting wedge with resistance (red) and support (green) trend lines narrowing in on price.
A bullish break would confirm the current wave count with a 4-5 (purple). Whereas a bearish break below the green supp
...The EUR/USD made an attempt to break above the resistance trend line (red) but it quickly reverted back into the contracting triangle.
A bullish break would confirm the current wave count with a 4-5 (purple). Whereas a bearish break below the green
...The EUR/USD is still marked as a 12345 (green) but will be changed into an ABC wave count if price breaks below the support (green).
Price is in a contracting triangle with a clear resistance (red) and support (green).
The GBP/USD rema
...The EUR/USD made a bullish bounce yesterday off of the 61.8% Fibonacci level and is approaching a resistance level (red), which is a bounce and/or break spot. The main target for a bullish break is the 38.2% and 100% Fibonacci confluence.
The curren
...This week's video analysis reviews price action on the US Dollar after Friday's NFP day and analyzes the key momentum and support & resistance levels.
