✅ EUR/USD Develops Bullish ABC Zigzag Pattern ✅

2 min read

Hi traders,

The EUR/USD is probably building a bullish ABC pattern (blue) as long as price respects the Fibonacci levels of wave B vs A.

EUR/USD

4 hour

The EUR/USD bullish ABC could be part of a larger bearish ABC (purple) pattern within a larger WXY (pink) correction.

1 hour

The EUR/USD bullish breakout above the resistance trend line (orange) could indicate a continuation whereas a bearish breakout could see price fall towards the Fibonacci levels of wave B vs A.

Good trading,
Chris Svorcik
Elite CurrenSea

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