? EUR/USD Bearish ABC Aims at 1.16 Support Zone ?
June 27, 2018
2 min read
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Hi traders,
The EUR/USD broke below the support trend line (dotted blue) but overall price action remains choppy and indecisive. Furthermore, strong support and resistance levels could place a limit on any breakouts.
EUR/USD
4 hour
The EUR/USD could breakout to both directions but the wave count favours a larger bullish correction at the moment within wave B (purple).
1 hour
The EUR/USD has probably completed an ABC correction (purple) within wave A (pink) and could now be building a new ABC correction within wave B (pink).
Good trading,
Chris Svorcik
Elite CurrenSea
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