EUR/USD, GBP/USD Bullish Bounce Spots For Waves B And 5

Discussion in 'Technical Analysis' started by Kaitlin, Sep 6, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The EUR/USD is respecting support (green) and resistance (red) trend lines. The current wave count is expecting price to show a bearish break towards complete an ABC (blue) zigzag within wave D (green). A break above the trend lines (red) would invalidate this scenario.[​IMG]

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