EUR/USD Analysis & Overview June 2022

Hi Traders,

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.

Video on EUR/USD & Financial Markets

We also review the performance of our trading systems during April 2022. Check out the video below: 

Good trading,
Chris Svorcik