1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

EUR/USD And USD/JPY In Contracting Wedge Chart Patterns

Discussion in 'Technical Analysis' started by Kaitlin, Feb 18, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Joined:
    Aug 29, 2015
    Messages:
    5,839
    Likes Received:
    0
    The EUR/USD retraced back to the 38.2% Fibonacci level, which caused price to pause. A break down could see price fall deeper towards the 50% and 61.8% Fibonacci levels. A break up could price retest the resistance levels. A break below the support trend line (green) confirms the completion of[​IMG]

    Continue reading...
     

Share This Page