Key Highlights USD/JPY declined heavily and even traded below 150.00. A connecting bearish trend line is forming with resistance at 151.80 on the 4-hour chart. EUR/USD could extend losses below the 1.0820 level. Gold gained pace and climbed above the $2,450 level. USD/JPY Technical Analysis The US Dollar started a fresh decline from well above […]
EUR/USD came higher during summer, possibly breaking out of a triangle on higher time frame charts, as the market breaks above 1.1140, so it seems that some big moves can be coming. In fact, there was a three wave retracement from recent high on 4h time frame; a contra-trend movement with price turning up from […]
The post Elliott Wave forecast for EUR/USD: Bullish Momentum Decreasing in Fifth Wave appeared first on Action Forex.
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