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EUR/USD & GBP/USD at Invalidation Levels for Waves 2 & B

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EUR/USD 4 hour The EUR/USD has shown a deep pullback within the potential wave 2 (brown) up to the 88.6% Fibonacci retracement level. A break above the purple line invalidates the current wave 1-2 (brown) structure. 1 hour The EUR/USD made one more bullish push yesterday which could be explained by a wave 4 and 5 (green). Currently there is a rising wedge (red/green lines) chart pattern taking place on the 1 hour chart, which is most often a reversal signal. A break of the various support

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