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EUR/USD Divergence Causes Breakout Above Downtrend Channel

Discussion in 'Technical Analysis' started by Kaitlin, Jun 2, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD broke above the downtrend channel (dotted red), which is partly caused by the divergence between the bottoms (purple). The break above the resistance trend lines (dotted) could face struggle at the Fibonacci levels of wave 4 (purple).[​IMG]

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