US Dollar Bullish Zigzag if Price Breaks Resistance

289 views · Published 4 December 2017 · 10:29 · Indexed 20 September 2026

Channel: Admirals · 2017 · Education

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The EUR/USD is building a bearish ABC zigzag within a larger wave 2 which could take price back down to 1.1650-1.1750. This zone could act as a support and bounce spot too. The GBP/USD is in an uptrend but a larger bearish pullback could take price back to the broken resistance. This support zone could restart the larger uptrend. The USD/JPY is showing bullish momentum and could continue with the uptrend if price breaks resistance or after filling the gap.
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