EUR/USD Challenges Support Zone within Bearish Wave C

Februar 20, 2018 07:30

EUR/USD

4 hour

The EUR/USD has either completed the 5th wave (purple) at the most recent high or price is expanding via a WXY corrective pattern within wave 4 (purple).

1 hour

The EUR/USD is probably building a bearish ABC (green) zigzag when considering the strong bearish price action in wave A (green). A break below the support trend line (green) could see price fall lower towards 1.2250-1.23.

GBP/USD

4 hour

The GBP/USD is in between support (green/blue) and resistance trend line (red). A bullish breakout could indicate a continuation within wave 5 (green) whereas a bearish break could indicate a new downtrend.

1 hour

The GBP/USD is challenging the Fibonacci levels of wave 4 (blue).

USD/JPY

4 hour

The USD/JPY is retesting the resistance levels of the downtrend.

1 hour

The USD/JPY is building a correction within potential wave 4 (orange).

Follow @ChrisSvorcik on twitter for latest market updates.
Connect with Chris Svorcik on Facebook for latest Forex and education tips.

Download MT4 Supreme Edition


Risikohinweis

CFDs sind komplexe Instrumente und gehen wegen der Hebelwirkung mit dem hohen Risiko einher, schnell Geld zu verlieren. 83% der Kleinanlegerkonten verlieren Geld beim CFD-Handel mit diesem Anbieter. Sie sollten überlegen, ob Sie verstehen, wie CFDs funktionieren und ob Sie es sich leisten können, das hohe Risiko einzugehen, Ihr Geld zu verlieren.