EUR/USD Downtrend Persists And GBP/USD Retraces To 38.2% Fib

Discussion in 'Technical Analysis' started by Kaitlin, Nov 26, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The EUR/USD continues its downtrend but the angle of the channel remains shallow. Divergence (purple) and the yearly low (green) also remain present. The EUR/USD broke the channel (dotted green) and posted one more lower low. Price however failed to break below the 138.2% Fibonacci level which therefore does not[​IMG]

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