EUR/USD Breaks Consolidation Zone, GBP/USD Bounces At 78.6% Fib

Discussion in 'Technical Analysis' started by Kaitlin, Oct 12, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The EUR/USD finally made a bearish break of the larger consolidation zone yesterday, which confirms the wave X (purple) and this bearish wave count of the last few weeks. The breakout has large momentum which could indicate a bearish continuation, although a bounce or retracement at the 50% and psychological[​IMG]

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