EURUSD, GBPUSD complete wave 5 and start bearish ABC

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 31, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EUR/USD 4 hour The EUR/USD has continued with its bullish moment yesterday but did post a doji recently, which is showing indecision at these levels of resistance (previous tops). A wave A (blue) could have been completed and a retracement for a wave B (blue) is possible unless price breaks below support (green). 1 hour The EUR/USD completed a wave 5 (green) and seems to be building a bearish ABC (green) zigzag for potential wave B (blue). GBP/USD 4 hour The GBP/USD rally seems to have

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