EURUSD
After potentially completing wave Y (blue), the EURUSD retracement could become relatively deep (green Fib). I’m keeping an eye on the hourly chart to see how this correction develops.
Yesterday’s break continued up to the -61.8% Fibonacci targ
...EURUSD
Price did bounce at the 38.2% Fibonacci retracement level and is now heading towards the Fibonacci targets.
The break (green arrows) above resistance (magenta) is doing well and could be part of a 5 wave (magenta).
GBPUSD
Wav
...EURUSD
Price did bounce at the 38.2% Fibonacci retracement level; however the retracement could become deeper (50% / 61.8% Fib).
The break (green arrows) above resistance (magenta) could increase the probability that the downside correction is complet
...EURUSD
Price is close to long-term resistance (red line, top of blue channel) so a pullback to lower price levels could occur.
Depending if and how price moves down, a bounce (green arrow) at the Fibonacci levels for a wave B (purple) and more upside
...EURUSD
Price is close to long-term resistance (red line) so a pullback to lower price levels could occur. However, depending if and how price moves down, a bounce at the Fibonacci levels for a wave B (purple) and more upside for wave Y (green) and Y (brown) is a good pro
...