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EUR/USD Approaching Critical Bottom And Yearly Low

Discussion in 'Technical Analysis' started by Kaitlin, Nov 23, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD is reaching a key support zone (green), which will either provide a bullish bounce with wave C, a bearish break with wave 3 or a sideways consolidation (wave 3 or C). The presence of double divergence (purple) increases the likelihood of a bounce. The Fibonacci levels are showing[​IMG]

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