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EUR/USD and USD/JPY bullish bounce, GBP/USD bearish trend

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD 4 hour The EUR/USD made a bullish bounce at the 61.8% Fibonacci retracement level and support trend line (green). A break below support could see price fall towards the 78.6% Fibonacci level. A break above resistance (red) could see price move towards Fibonacci targets (Y vs W). 1 hour The EUR/USD seems to have completed a bearish wave 5 (orange). A break above the resistance trend line (orange) could indicate the completion of wave X (purple). GBP/USD 4 hour The GBP/USD broke the

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