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Forex market shows calmness before the storm

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EUR/USD 4 hour The EUR/USD continues with building a contracting triangle after strong bullish momentum last week. Price has stopped at the 38.2% Fibonacci and could the same with other retracement levels. A break below the bottom of wave X (blue) invalidates the current wave count. 1 hour The EUR/USD seems to be building an ABC bullish zigzag (green). A break above resistance (orange) could see the start of wave C (green). A break below support (green) could see price fall towards the lower

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