XE Currency Charts
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E-Mail Please enter valid email. Phone Number Please fill out this field. Country Please Select Please select a country. Euro managed to break free from wider price band limits that held back price action for last three months and is steady above mid 1. The Euro continues to grind towards the 1. The Day EMA above will also prove to be extremely resistive for the pair and very difficult to crack above. The Euro rallied a bit during the trading session to kick off Wednesday but continues to see a lot of resistance in the form of the 1.
That being said, one has to recognize that it has been rather tenacious about trying to get above that level, and it. Though, an upward slanting trend-line, at 1. The price action today and the current price at 1. The pair is likely to experience too much volatility around as Day EMA above will be providing too much resistance.
With current price at 1. Please also note that 1. It took a while, but patience pays off sometimes. A potential bull unified gartley is setting up.
USD has strengthened today after Fed chairman Powell spoke and said the comments from other Fed members was exaggerated. He then went on to comment about the reduction in trade balance sheets pushing the USD higher. An "Anti new cypher" pattern completed on Wednesday, so I expect a bearish correction to the mentioned levels in the chart.
Wolfe Waves within Wolfe Waves and lets see if there will be another one if this correction is over.