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EUR/USD Bounces At Golden Ratio But Meets Sturdy Resistance

Discussion in 'Technical Analysis' started by Kaitlin, Jun 14, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD has respected the golden ratio, which is the 61.8% Fibonacci level. Price then broke above the steeply angled resistance trend line (dotted orange). Whether price has fully completed the wave X (purple) depends if it break above the resistance trend line (red). A failure to break increases the[​IMG]

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