4 hour EURUSD:
The EURUSD is in a strong downtrend and is heading towards the wave 5 Fibonacci targets.
60 min EURUSD:
The wave 4 (purple) could have completed but price needs to break the support line (green) before this is confirmed.
GBPUSD
4 hour GBPUSD:
The GBPUSD complet
...4 hour EURUSD:
The EURUSD wave 3 (purple) seems to have paused or perhaps is completed.
60 min EURUSD:
If wave 3 (purple) is indeed complete, price usually retraces back to the 38.2% Fibonacci retracement of wave 4 (purple) before continuing with the trend.
GBPUSD
4 hour GBP
...4 hour EURUSD:
The EURUSD wave 3 (purple) is very impulsive and was able to break through the psychological round 1.20 level.
60 min EURUSD:
The bearish price action could extend to the lower Fibonacci levels before a wave 4 correction (purple) should be expected.
GBPUSD
4 h
...4 hour EURUSD:
The first trading day of 2015 has arrived. Traders should be cautious when trading at end and beginning of a new year as price movements tend to be slower. The EURUSD is approaching a bigger monthly support level (green line).
60 min EURUSD:
The bearish pric
4 hour EURUSD:
Price
bounced at the 138.2 Fibonacci level yesterday but remains in the downtrend
channel indicated by the 2 trend lines (orange).
60 min EURUSD:
The consolidation could last for a while as the market closes for Years Eve.
GBPUSD
4 hour GBPUSD:
Price inde
...