The EUR/USD has completed a bullish 5 wave pattern. Could this stop the downtrend? Probably yes, because the EUR/USD is now expected to complete a bullish ABC zigzag pattern.
The zigzag remains valid as long as price action respects the 61.8% Fibonacci support level. A break below it indicates an ABC flat correction instead.
Besides the EUR/USD, we also analyze the charts on GBP/USD, USD/JPY, Bitcoin (BTC/USD), Ethereum (ETH/USD), DJI 30, DAX, Gold, EUR/AUD and other major crosses.
We also review the performance of our trading systems during April 2022. Check out the video below: