The EUR/USD bullish momentum is expanding the wave A (purple) via a bullish trend channel towards the round level of 1.1750. Price is however approaching a key 38.2% Fibonacci resistance zone near 1.1780, which is a decision zone for the EUR/USD.
The EUR/USD bearish reversal could indicate the end of wave A (purple) and a potential bearish retracement whereas a bullish breakout and continuation could see price move towards higher resistance levels.
The EUR/USD bearish reversal could indicate the end of wave A (purple) and a potential bearish retracement whereas a bullish breakout and continuation could see price move towards higher resistance levels.
