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Major currency pairs reveal bounce or break spots

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 3, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD 4 hour The EUR/USD remains in the middle of the contracting triangle chart pattern. A break above resistance could see price move to higher Fibonacci targets. 1 hour The EUR/USD seems to have completed a bullish movement as part of an impulsive 5 wave (orange), which could be part of a larger ABC (green). GBP/USD 4 hour The GBP/USD is building a shallow angled bullish channel (orange/green), which is bear flag chart pattern. Price seems to have completed wave A (pink) at resistance

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