Eur/Usd : All about the trend line

FX_IDC:EURUSD   Euro / U.S. Dollar
Since the previous post price has extended the decline to test the trend line . The trend line was recognized by the market as resistance but acts as support now. As for the wave structure, we can see a triple three (wxyxz) from the wave w(circle) top. This type of correction is uncommon and has to be confirmed by price going above 1.1125. Alternative count has one more leg lower to make a more common double three, where the second wave (x) is the 2nd wave.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out