EUR/USD, GBP/USD Face Bounce And Break Spots In Fragile Triangles

Discussion in 'Technical Analysis' started by Kaitlin, Aug 30, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The EUR/USD is building a small contracting triangle chart pattern (orange/green). A break below the support line (green) could extend wave A (blue) to a lower spot. A break above the resistance line (orange) could start a wave C (green) correction within wave B (blue) with resistance at the Fibonacci[​IMG]

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