The EUR/USD managed to break above the inner trend line (orange dotted) and could use the same broken line as a support for a bounce to the top of the wedge (trend lines on top and bottom).
The EUR/USD showed strong momentum when breaking the resist
...Wave X (brown) could be considered completed if price breaks above the long-term resistance lines (orange/yellow). Alternatively it could head to lower levels for a wave X (brown) if it breaks below the support trend line (light green).
The EUR/USD
...Whether wave X (brown) has been completed or not remains to be seen and depends on whether price will break above the long-term resistance line (orange/yellow) or bounce at it for more downside remaining in the down trend channel.
The EUR/USD did br
...The EUR/USD broke below the support trend line (dotted blue) and has extended the wave X (brown) correction to a lower point. Further downside is possible on lower time frames as long as price stays below the resistance levels (yellow and also orange).
The EUR/USD has been moving up and down in a relatively tight zone over the last weeks with clear support and resistance levels on both sides.
Price is slowly being squeezed between the contacting triangle pattern as time progresses and space become
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