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EUR/USD And GBP/USD Diverge On Upcoming Breakout Direction

Discussion in 'Technical Analysis' started by Kaitlin, Jul 19, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The EUR/USD is indeed using the support (green/Fib) for a bullish bounce and continuation within wave 2 (brown). The wave 2 (brown) becomes invalidated if price manages to break above the top at 1.1425 whereas wave 3 (green) could start if price manages to break below support (green line).[​IMG]

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