US Dollar Buids Bearish Zigzag Pattern
http://www.admiralmarkets.com/analyt...zigzag-pattern - Your capital is at risk
EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...01-2017eu4.png
The EUR/USD bounced near the support trend line (blue) connecting the previous bottoms. Price is now retesting again resistance trend lines (orange/red). Price could make a bearish turn at the 61.8% or 78.6% Fib if price breaks above resistance (orange/red). The wave 2 (brown) is invalidated if price breaks above the 100% Fibonacci level of wave 2 vs 1.
1 hour
https://fxmedia.s3.amazonaws.com/art...01-2017eu1.png
The EUR/USD is most likely in a wave 4 (orange) correction and a break above the trend line (orange) could indicate a potential for price to move towards the Fibonacci targets. This could be part of a larger ABC zigzag (green).
http://www.admiralmarkets.com/analyt...zigzag-pattern - Your capital is at risk
EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...01-2017eu4.png
The EUR/USD bounced near the support trend line (blue) connecting the previous bottoms. Price is now retesting again resistance trend lines (orange/red). Price could make a bearish turn at the 61.8% or 78.6% Fib if price breaks above resistance (orange/red). The wave 2 (brown) is invalidated if price breaks above the 100% Fibonacci level of wave 2 vs 1.
1 hour
https://fxmedia.s3.amazonaws.com/art...01-2017eu1.png
The EUR/USD is most likely in a wave 4 (orange) correction and a break above the trend line (orange) could indicate a potential for price to move towards the Fibonacci targets. This could be part of a larger ABC zigzag (green).