The EUR/USD continues its long-term consolidation pattern by staying between support (green) and resistance (orange). A bearish breakout is needed before the wave count is confirmed whereas any move above the 100% Fib level invalidates wave 2 (purp
...The EUR/USD broke above the resistance trend line (red) and the wave 1 (purple) has therefore been moved to the recent bottom. A break above the next resistance (orange) and 100% Fibonacci level would confirm a larger correction within wave 2 (brow
...The EUR/USD has not been able to break the bottom of wave 1 (brown), which is increasing the chance that a larger correction is taking place rather than a trend continuation via waves 3 (purple/brown). The wave count is vulnerable to change, especi
...The EUR/USD is building a downtrend with lower lows and lower highs but price has not been able to break the bottom of wave 1 (brown) as yet. Price needs to break below the wave 1 bottom support (green) before a wave 3 becomes likely.
The EUR/USD broke the support trend line (green) and could therefore be starting wave 3 (purple). The breakout has been slow and mild so far and price needs to break below the wave 1 bottom support (green) before more confirmation is given.
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