EURUSD
A bearish momentum could be part of a bigger ABC (magenta) or a wave 3 (blue), which will depend on how slow or fast price retraces back up. In the 1st case a wave 3 is more likely; in the latter an ABC.
4 hour EURUSD:
The downtrend continuation could face struggle due the double divergence (purple line on oscillator).
60 min EURUSD:
GBPUSD
A bearish impulsive 12345 unfolds as price approaches daily support at +/- 1.6900 (green lines).
4 hour GBPUSD:
If price goes above the wave 1 (red) territory (purple line), then it invalidates the current wave 4 (red).
60 min GBPUSD:
USDJPY
USDJPY continues with complex variations of corrective patterns.
4 hour USDJPY:
An ABC zigzag (red) is unfolding towards the Fibonacci targets.
60 min USDJPY:
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EUR/USD flirts with 1.0700 post-US PMIs
EUR/USD maintains its daily gains and climbs to fresh highs near the 1.0700 mark against the backdrop of the resumption of the selling pressure in the Greenback, in the wake of weaker-than-expected flash US PMIs for the month of April.
GBP/USD surpasses 1.2400 on further Dollar selling
Persistent bearish tone in the US Dollar lends support to the broad risk complex and bolsters the recovery in GBP/USD, which manages well to rise to fresh highs north of 1.2400 the figure post-US PMIs.
Gold trims losses on disappointing US PMIs
Gold (XAU/USD) reclaims part of the ground lost and pares initial losses on the back of further weakness in the Greenback following disheartening US PMIs prints.
Here’s why Ondo price hit new ATH amid bearish market outlook Premium
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Germany’s economic come back
Germany is the sick man of Europe no more. Thanks to its service sector, it now appears that it will exit recession, and the economic future could be bright. The PMI data for April surprised on the upside for Germany, led by the service sector.