The EUR/USD has (early) signs of divergence as price made a lower low but the oscillator, which has already turned green, failed to post a lower low (blue line). This could indicate that price has completed a wave 5 (purple) and that price can make a retra
...The EUR/USD is showing a bearish trend continuation and price is heading towards the Fibonacci targets of wave 5 (purple).
Price respected the 38.2% Fibonacci level which confirms a wave 4 (green) turn and price headed lower as part of wave 5 (green
...The EUR/USD made a bearish turn yesterday at the previous wave 4 (blue) and 38.2% Fibonacci level. Price continued its downtrend and broke below the support trend line (dotted green). A bearish trend continuation could complete wave 5 (purple).
The
...The EUR/USD oscillator has made a retracement back to the middle of the indicator (purple box) after previously showing strong bearish momentum (orange box). This means that there is a high probability of a downtrend continuation from the Fibonacci retrace
...EURUSD creates tight zone with trade potential at support and resistance, the GBPUSD builds a new triangle, USDJPY could retest resistance once more for fall back to support and the AUDUSD is building a bearflag pattern.
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