All Major Forex Pairs Show Large Price Swings

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    EUR/USD 4 hour The EUR/USD bullish bounce continued all the way to the resistance trend line (orange), which caused price to make a bearish bounce. The bullish rally could be part of larger wave A (purple), which is confirmed with a break of resistance. A break of support (green) could see price fall towards the 78.6% Fibonacci level. 1 hour The EUR/USD is building a potential 5 wave structure (blue). The 5 wave development is invalidated if price breaks below the top of wave 1 (green line). A

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