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EUR/USD Bullish Breakout In Wave E Of Contracting Triangle

Discussion in 'Technical Analysis' started by Kaitlin, Aug 15, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD is testing the resistance trend line (red). A breakout above resistance could see price move towards the wave E (green) of wave 4 (blue), which has been added due to the lack of a bearish breakout. The consolidation zone on the daily chart is lengthy and suggests a[​IMG]

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