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EURUSD, GBPUSD construct giant triangle patterns

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD 4 hour The EUR/USD is moving sideways in between strong layers of support (green) and daily resistance (red). The current wave count favors one more bullish push to complete wave C (blue) of larger wave Y corrections. 1 hour The EUR/USD bearish break could indicate that wave C (blue) is completed and a bullish break could indicate that wave C (blue) is still developing. GBP/USD 4 hour The GBP/USD break of the resistance could see the continuation of waves Y (pink, blue). A break below

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