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EUR/USD Breaks Resistance, USD/JPY Pauses At Fibs

Discussion in 'Technical Analysis' started by Kaitlin, Feb 10, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD completed the wave X (blue) and broke above resistance levels (dotted red) yesterday. It is now at the 61.8% Fibonacci target, which is a break or bounce spot. A bullish continuation could price head towards the next Fibonacci target and daily resistance (red).[​IMG]

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