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EUR/USD Bullish Bounce Potential At 61.8% Or 78.6% Fibonacci

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

  1. Kaitlin

    Kaitlin Forum Member

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    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.[​IMG]

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