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EUR/USD, GBP/USD Build Bullish ABC Rally Within Wave-2

Discussion in 'Technical Analysis' started by Kaitlin, Jul 21, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD seems to have completed 5 bearish waves (purple), which have been marked as a wave 1 (purple). A wave 2 (purple) is expected and price can retest the Fibonacci levels of '2 vs 1'. A break above the 100% level invalidates the current wave count. Typically waves 2[​IMG]

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