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EUR/USD and GBP/USD Building Corrective Waves

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 27, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD 4 hour The EUR/USD remains ingrained in a downtrend channel which is indicated by the orange and blue trend lines. Price is near the year low (green) of 1.0460 which could act as a strong support level. 1 hour The EUR/USD price action has moved sideways yesterday representing a consolidation zone. The zone could be part of a wave B (green) correction. GBP/USD 4 hour The GBP/USD is in a downtrend channel which is indicated by the support (green) and resistance (red). Price is most

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