Admiral Markets - Analytics

    Admiral Markets

    560.00 6.50/10
    83% of positive reviews
    Real

    EUR/USD Re-Challenges Critical 1.08 Support Zone

    EUR/USD

    4 hour

    The EUR/USD is again challenging a key support level at 1.08 (green line).

    1 hour

    The EUR/USD wave count changed upon the bearish breakout below the support trend line (dotted green). The wave count will remain labeled as a wave X (brown) as long as price stays above the 100% Fib level.

    GBP/USD

    4 hour

    The GBP/USD remains in a wave X (orange) formation as long as it stays above the support trend line (green) and 100% Fibonacci level. A break below this support zone would indicate a potential bearish breakout.

    1 hour

    The GBP/USD was unable to break above the resistance (orange and red) and eventually broke below the support (green) later during yesterday's trading day. The bearish break is expanding the wave X (correction).

    USD/JPY

    4 hour

    The USD/JPY is retesting the resistance level of the ascending wedge (red & green). A bullish break above the red line would indicate a continuation of the ABC (brown).

    1 hour

    The USD/JPY completed an ABC (green) of the waves Y (blue, lavender) and is now showing potential bullish momentum. A break of the resistance is needed before any bullish continuation might occur.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree