The EUR/USD made a bearish turn at the 50% Fibonacci level of wave 2 (green) before breaking the support trend line (green) of the rising wedge chart pattern (green/orange lines). The bearish breakout is aligned with the bearish momentum (wave 1 gr
...The EUR/USD has broken long-term support levels (dotted green) but still has important and decisive horizontals levels to break before a wave 5 (blue) of wave C (purple) can be confirmed. For the moment a wave 1-2 (green) structure makes the most
...The EUR/USD bearish momentum is most likely a wave 1-2 (green). A break above the 100% level of wave 2vs1 invalidates this wave structure. A break below the support (green) could see price fall towards the Fibonacci targets of wave 5 vs 1+3 and hor
...The EUR/USD did not manage to break the support trend line (green) and could now retrace to higher Fibonacci resistance. The most likely wave count would suggest a wave 1-2 (green) within a wave 5 (purple) breakout. The wave 1-2 becomes invalidated
...The GBP/USD took a strong hit and made a nose dive from 1.50 to 1.32 when the Brexit results were released. The first target of the wave C (green) has been hit and reached but further bearish pressure could mean an extension to the next Fibonacci 1
...