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EUR/USD, GBP/USD Offer Firm Invalidation And Confirmation Levels

Discussion in 'Technical Analysis' started by Kaitlin, Jul 27, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The EUR/USD has not been able to break the bottom of wave 1 (brown), which is increasing the chance that a larger correction is taking place rather than a trend continuation via waves 3 (purple/brown). The wave count is vulnerable to change, especially if price breaks above the resistance trend[​IMG]

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