EUR/USD Loses Steam with Conclusion Wave-3 and Start Wave-4
https://admiralmarkets.com/analytics...d-start-wave-4 - Your capital is at risk
EUR/USD
1 hour
https://fxmedia.s3.amazonaws.com/art...05-2017eu1.png
The EUR/USD bullish momentum of wave 3 (purple) ran out of steam yesterday and started a wave 4 (purple) correction. Price has in the meantime retraced back to the Fibonacci levels of wave 4 which could as potential support and bounce levels.
4 hour
https://fxmedia.s3.amazonaws.com/art...-2017eu4-1.png
The EUR/USD could be retracing towards the 88.6% Fibonacci level of wave 2 (green) via an ABC zigzag (blue).
https://admiralmarkets.com/analytics...d-start-wave-4 - Your capital is at risk
EUR/USD
1 hour
https://fxmedia.s3.amazonaws.com/art...05-2017eu1.png
The EUR/USD bullish momentum of wave 3 (purple) ran out of steam yesterday and started a wave 4 (purple) correction. Price has in the meantime retraced back to the Fibonacci levels of wave 4 which could as potential support and bounce levels.
4 hour
https://fxmedia.s3.amazonaws.com/art...-2017eu4-1.png
The EUR/USD could be retracing towards the 88.6% Fibonacci level of wave 2 (green) via an ABC zigzag (blue).