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EUR/USD Bounce at Fibs and USD/JPY Break of Support

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD 4 hour The EUR/USD showed a bullish bounce at the 61.8%, which could complete wave X (brown) depending on whether price can break above resistance (orange). 1 hour The EUR/USD completed wave 5 (pink) at double bottom before making an impulsive bullish rally. The speed of price is suggesting a 123 wave development (green). GBP/USD 4 hour The GBP/USD is at the bottom of the downtrend channel (green/red), which in itself is a bullish bounce or bearish break spot. At 1.4566 is a big daily

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