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EUR/USD, GBP/USD In Waves 4 Marked By Trend Lines

Discussion in 'Technical Analysis' started by Kaitlin, Aug 22, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD has made a bearish retracement back to the 38.2% Fibonacci retracement level as expected. The Fibonacci levels could provide support as part of a wave 4 (green). A break below the 61.8% Fibonacci level would invalidate the wave 4 (green) structure.[​IMG]

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