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EUR/USD & GBP/USD Downtrend Channels Remain Intact

Discussion in 'Technical Analysis' started by Kaitlin, Dec 1, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD has so far been unable to break below the 138.2% Fibonacci support level, which could invalidate the wave X (blue) wave count. A break above the resistance trend lines (orange/yellow) could spark a bigger bullish correction.[​IMG]

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