? EUR/USD Completes Bullish Wave A at 1.15 Resistance ?

2 min read

Hi traders,

The EUR/USD is showing strong bullish momentum and a breakout above two resistance trend lines (dotted). This Is most likely a wave A (blue) of a larger bullish ABC zigzag pattern.

EUR/USD

4 hour


Whether the wave A (blue) of the EUR/USD has been completed or not remains the key question. The 1.15 round level however could be a strong resistance and create a bearish pullback as part of wave B (blue). The Fibonacci retracement levels of wave B vs A are potential support and bouncing zone for a bullish continuation.

1 hour


The EUR/USD seems to have completed a 5 wave pattern (green) in wave A (blue) and price could now be building an ABC (green) within wave B (blue).

For more daily wave analysis and updates, sign-up up to our ecs.LIVE channel.

Good trading,
Chris Svorcik
Elite CurrenSea

Leave a Reply

avatar

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of

🍿️ Discover your path to a 100% yearly returns over the convos with Chris Svorcik!

X