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EUR/USD & GBP/USD Arrive At Decisive Resistance Zone

Discussion in 'Technical Analysis' started by Kaitlin, Dec 14, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD made one more bullish bounce last week as part of a wave 4 and 5 (purple). It seems likely that wave 5 has been completed at the most recent high once price manages to break below support (green). Just above price is a strong zone of resistance (red/Fib target).[​IMG]

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