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EURUSD shows divergence but GBPUSD and USDJPY keep momentum

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD 4 hour The EUR/USD continued its bullish breakout to higher levels as part of an impulsive wave C (green). The resistance levels (red) and Fibonacci targets could be points on the chart where price could reverse. 1 hour The EUR/USD seems to be in the 5th wave (orange) of wave C (green). Once the 5th wave is completed (which could potentially already be completed), price could see the start of a bearish retracement due to the divergence (purple line). GBP/USD 4 hour The GBP/USD

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