EUR/USD Forecast: 61.8% fib bounce starts triangle chart pattern

news_22_feb_2_euro_usd4 hour

The EUR/USD bounced at the 61.8% Fibonacci level of potential wave B (purple) and support trend line (blue). A break above the resistance trend line (orange) would confirm a bullish breakout within wave C of wave X (pink). A break below the support trend line and 78.6% Fibonacci level makes a bullish ABC less likely and price will probably continue lower as part of wave 4 (light purple).

1 hour

The EUR/USD broke above the resistance trend lines (dotted orange) and could be building a wave 1-2 if price stays above the 100% Fibonacci level of wave 2 vs 1.

4 hour

 

1 hour

Origin: Admiral Markets

Рейтинг FOREX брокеров

Рекомендуемые брокеры


 

Leave a Reply