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EUR/USD Breaks Trend Line during Wave 5

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 29, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EUR/USD 4 hour The EUR/USD could be building an ABC (purple) but it has a strong resistance layer (red) above it. A break below support (lighter green) would change the current wave count. 1 hour The EUR/USD could be in the final 5th wave (green) of a bigger ABC bullish zigzag (purple). GBP/USD 4 hour The GBP/USD corrected up to the 23.6% Fibonacci retracement level of wave 4 (blue). Price could correct to a higher Fib before completing wave 4. 1 hour The GBP/USD is most likely expanding the

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