EUR/USD, GBP/USD Display First Signs Of Bearish Momentum

Discussion in 'Technical Analysis' started by Kaitlin, Aug 4, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The EUR/USD showed a bearish turn at the 61.8% Fibonacci retracement level after which is broke the steep support trend line (dotted green). This could indicate the completion of wave 2 (brown) at the 61.8% Fib but a push higher could see price challenge the 78.6% Fib level of wave[​IMG]

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