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EUR/USD Breaks Bear Flag And Continues Downtrend

Discussion in 'Technical Analysis' started by Kaitlin, Oct 29, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD broke the bear flag chart pattern during the FOMC news event and posted a new lower low which is most likely part of the wave 3 (purple). The bearish trend is either part of a wave 3 or wave C (green). A wave C could see price stop[​IMG]

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