A review of the EURUSD support trend line, the GBPUSD rejection at the 78.6% Fibonacci retracement, the USDJPY contracting triangle and the AUDUSD divergence and potential retracement within its downtrend.
The EUR/USD completed a bullish ABC (purple) but stopped and respected the 61.8% Fibonacci retracement level of the wave 2 (green). The quick fall after that could a first indication of wave 3 (green) start but the break of the uptrend channel (green) is n
...The EUR/USD continued its bullish sentiment yesterday with a rally to higher levels as part of a wave C (purple).
Yesterday's upside seems to be part of a wave 3 (blue) and the current correction could stop at the Fibonacci retracement levels if thi
...The EUR/USD price movement will be heavily impacted by the FOMC news event and the U.S. interest rate decision.
Depending on the news event, the EUR/USD will either correct higher to complete wave C (blue) or move lower and start a new impulsive wav
...The EUR/USD direction will be dependent on tomorrow's FOMC news event and potential interest rate hike in the USA. For the moment price is above support (green) and could be posting a new higher low as part of a wave X (purple).
The EUR/USD could sti
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