1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

EUR/USD Bullish Bounce Potential at 61.8% or 78.6% Fibonacci

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 6, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    EUR/USD 4 hour The EUR/USD broke below the 50% Fibonacci retracement level and fell towards the 61.8% Fib of wave X (brown). A potential break below the 61.8% Fib could price see price fall towards the 78.6% whereas a potential rally could indicate the completion of wave X. 1 hour The EUR/USD completed a wave B (orange) yesterday before building a new bearish impulsive as wave C (orange). Price could now be making a small correction as part of wave 4 (pink) before falling for wave 5 (pink).

    Continue reading...
     

Share This Page