EUR/USD Bullish Price Action Faces 1.25 Resistance Again

Февруари 02, 2018 07:00


4 hour

The EUR/USD is now challenging the previous top (red). A bullish breakout would confirm the development of a wave 3 (blue) of a wave 5 (purple). A failure to break could indicate a bullish ABC rather than a 123. In that case the correction could take price below the support trend line (blue).

1 hour

The EUR/USD is building a small pause within the larger uptrend. The pattern could be a full flag and hence also a wave 4 (green). A bullish breakout could indicate uptrend continuation whereas a break below the 61.8% Fib and support trend line (blue) from the top of wave 1 invalidates the current 5 wave (green).


4 hour

The GBP/USD is building a bullish channel (purple lines) which is testing the previous top. A break below the channel could indicate a larger wave 4 (green) whereas a break above the resistance (red) could indicate uptrend continuation.

1 hour

The GBP/USD is losing a little bit of its bullish momentum. Price would need to break above resistance (red) to make a bullish break towards the Fib levels of wave 3 (blue) more likely.


4 hour

The USD/JPY is still testing a larger resistance trend line (red) of the downtrend channel.

1 hour

The USD/JPY bullish breakout could confirm the development of a potential wave 3 (purple) if price manages to break above the resistance trend line (red).

Follow @ChrisSvorcik on twitter for latest market updates.
Connect with Chris Svorcik on Facebook for latest Forex and education tips.

Forex101 Forex Trading Course

Предупреждение за риск

ДЗР са сложни инструменти и носят висок риск от бърза загуба на средствав резултат на ливъридж. 83% от сметките на инвеститорите надребно губят пари, когато търгуват ДЗР с този доставчик Помислете дали разбирате как функционират ДЗР и дали можете да си позволите да поемате високия риск от загуба на парите си.