EURUSD's Break of Resistance & GU's Sturdy Momentum

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    EUR/USD 4 hour The EUR/USD has broken through the resistance top (dotted purple) and thereby invalided the wave count which therefore necessitates a change in the wave structure. Price has been marked as a wave 5 (green) within a bigger C (blue) correction within waves Y of wave 2 or B (green) for the moment. This wave count changes once price breaks above the 100% level or the October monthly candle fails to push below the support trend lines. 1 hour The EUR/USD broke the rising wedge

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