By Admiral Markets
Hi Traders,
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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Many green pips,
Chris Svorcik
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Article by Admiral Markets
Source: US Dollar Bullish Zigzag if Price Breaks Resistance
Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.
