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EUR/USD, GBP/USD Breakout Below Bearish Chart Patterns

Discussion in 'Technical Analysis' started by Kaitlin, Jul 1, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD made a bearish turn at the 50% Fibonacci level of wave 2 (green) before breaking the support trend line (green) of the rising wedge chart pattern (green/orange lines). The bearish breakout is aligned with the bearish momentum (wave 1 green) and could therefore be the start of a[​IMG]

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