The EUR/USD is unable to break above the 1.14 resistance level. Support (green) and resistance (orange) trend lines mark the boundaries and breakout territory. A push below the 50% Fibonacci retracement level of wave X (purple) makes the current wave count
...The EUR/USD did not break below support (green) and in fact broke the resistance line (dotted orange). This increases the chance that the bearish price action was a retracement for a wave X (purple) which respected the 38.2% Fibonacci level.
The EUR
...The EUR/USD remains in the small bear flag chart pattern (orange and green trend lines). Price could use the broken support (dotted green) as resistance but a break above it (purple) could indicate that the bearish price action was a mere retracement. A be
...The EURUSD bounced at the strong resistance level of 1.15, the GBPUSD is building a triangle chart pattern, the USDJPY is continuing its downtrend but a monthly 38.2% Fib is nearby and the AUDUSD is running out of steam.
...The EUR/USD is building a small bear flag chart pattern (orange and green trend lines). A bullish break could indicate that the larger wave 4 (blue) is still not completed. A bearish break of the bear flag could indicate that a larger retracement or even r
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