DAX30

4 hour

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The German DAX index seems to be building a retracement for a wave 2 (brown). The Fibonacci levels of wave 2 vs 1 could act as support but a break below the 100% level invalidates wave 2 (brown). A break above the resistance (orange/red) could trigger a potential wave 3 (orange).

1 hour

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The wave 2 (brown) could test a deep Fibonacci like, such as the 61.8% or 78.6% levels, before completing the bullish turn. If that is the case, an ABC (purple) could develop within waves Y (green/blue).

EUR/USD

4 hour

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The EUR/USD broke the resistance trend line (dotted orange) as it expands its bullish correction after the strong downtrend bounced at daily support levels (green). The bullish breakout might struggle at the Fibonacci levels of wave 2 vs 1.

1 hour

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The EUR/USD seems to be in an ABC zigzag (purple) within a larger WXY (brown/purple) correction. A bearish retracement could occur at the Fibonacci resistance. If price will extend the correction or restart the downtrend will partly depend on how price reacts to resistance: with lots of bearish momentum or with choppy correction.

USD/JPY

4 hour

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The USD/JPY uptrend is building a retracement at the 155 resistance. A break above the resistance trend line (red) could see price move to higher Fibonacci levels.

1 hour

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The USD/JPY seems to have completed a retracement within a wave 4 (brown) although price could expand the correction with a potential WXY.