Majors Stand Out due to their Indecisive Price Action

Admiral Markets

Majors Stand Out

EUR/USD

4 hour

EUR/USD

The EUR/USD price action remains corrective and is unable to break out of the contracting triangle chart pattern (orange and green trend lines).

1 hour

Price action was unable to push above the horizontal resistance (red lines) and is now back at a support trend line (green) and a 38.2% Fibonacci level of wave X (magenta). Read More ┬╗