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EURUSD Technical Analysis 06-04-2017
Home / EURUSD Technical Analysis 06-04-2017

H1 Graph

The EUR/USD also continues to show a double divergence between the bottoms of price and the oscillator (green lines), which could spark a retracement. The wave count could still be in a wave ABC (orange) because it did not break below the 138.2% Fibonacci level of wave B vs A (orange).

H4 Graph

The EUR/USD continues to move sideways between support (light blue) and resistance (red). A break above resistance could see price retrace back to the Fibonacci levels of wave 2 vs 1 (light green) or wave B green) whereas a break below support still has other support levels nearby (blue trend lines).

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