The Non-Farm Payroll (NFP) event caused the US Dollar to strengthen on Friday and price fell towards and stopped at the 61.8% Fibonacci retracement level.
The EUR/USD could still be in a wave 4 (purple) as long as price does not break lower below the
...The EUR/USD price action will be highly impacted by the Non-Farm Payroll (NFP) news event.
The EUR/USD is making a bearish channel (green lines) after rising yesterday till 1.14 as part of wave 3 (purple). Today there is a chance that the wave 4 (pu
...The EUR/USD posted another bullish daily candle yesterday after Tuesday's bug surge.
The EUR/USD completed the wave 4 (orange) at the usual 38.2% Fibonacci retracement level (for waves 4) and is now moving to higher levels as part of the wave 5 (ora
...The EUR/USD broke the wedge to the upside as expected in yesterday's wave analysis, which is most likely part of wave C (magenta).
The EUR/USD wave count required a very impulsive bullish breakout to confirm the multiple waves 1-2, which was confirm
...The EUR/USD is in a contracting wedge, which is indicated by the support (green) and resistance (red) trend lines. A break of these lines could indicate a potential movement towards the support or resistance.
The EUR/USD wave count still labels the
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