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EUR/USD Build Bullish Bounce at 50% Fibonacci Wave X

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 18, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD 4 hour The EUR/USD is showing light signals of bearish momentum but so far the downside pressure has been mild. Price could build a larger correction and move towards lower Fibs levels but these levels has a high chance of acting as s support as well. 1 hour The EUR/USD fell towards the Fibonacci levels of wave X versus wave Y (green) and bounced at the 50% Fib. If price shows bullish momentum then price could start a wave A or wave 1 (brown). GBP/USD 4 hour The GBP/USD bearish price

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