Vladimir Ribakov analyzes EUR/USD as a corrective ABCD pattern with dynamic support holding the range. He expects a breakout attempt followed by an upside continuation move if the pullback holds.
Chapters
shorter term, the way it looks right now, the euro dollar is in a corrective structure. So it will be either ABCD correction here, ideally again back to this area as we discussed, or some longer range where it will just move inside that for some, for some time. We have some dynamic supportive area as well, so it will make absolute sense if the euro will now be in the corrective phase. On the shorter term, even shorter than we discussed, the euro is making some range here. We can see that trying to break through, and if it does after pullbacks, very likely to see the continuation.