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EUR/USD's Massive 500-pip Bullish Thrust

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EUR/USD 4 hour The Euro showed high levels of volatility and strong bullish momentum versus the US Dollar yesterday. The EUR/USD moved from a low around 1.0520 to a high near 1.10. The momentum could broke various resistance levels (dotted lines) and could be marked as wave A. 1 hour The EUR/USD bullish momentum towers above the downtrend channel. The downside completed a choppy ending diagonal as indicated by the purple 5 waves. GBP/USD 4 hour The USD weakened significantly versus the GBP in

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