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EUR/USD Prolongs Uptrend And USD/JPY Creates Falling Wedge

Discussion in 'Technical Analysis' started by Kaitlin, Jun 9, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The EUR/USD is resuming its bullish trend with a new higher high. The momentum is not as strong as wave A (orange) and price will need to break above the resistance trend line (red) before price can make a continuation to the 78.6% Fibonacci resistance level.[​IMG]

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