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EURUSD, “Euro vs US Dollar” EURUSD has completed a correction wave to 1.0562. Today the market continues developing a declining wave to 1.0502. Breaking this level downwards, the potential for a wave down to 1.0444 could open. After the price reaches this level, a correction to 1.0502 (with a test from below) looks possible. GBPUSD, […]
TitleEURUSD H4 | Falling to support level? TypeBearish Reversal Preference: Price has just reacted off our pivot point of 1.05591, which serves as an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.0494, a multi-swing low support level. Alternative scenario: However, if the price […]
TitleSPX500USD H4 | Bullish bounce off 61.8% fibo? TypeBullish Bounce Preference: Price could potentially fall to our pivot point at 4334.5, which is an overlap support level, aligning with the 61.8% fibo retracement and 78.6% fibo projection. If price bounces off our pivot point, then price could rise towards the 1st resistance at 4397.6, which […]
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