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EUR/USD, GBP/USD Quickly Swap Bearish And Bullish Momentum

Discussion in 'Technical Analysis' started by Kaitlin, Jul 18, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The EUR/USD made a bearish bounce and turn at the resistance trend line (orange). Price action has fallen towards the 78.6% Fibonacci level of wave X (blue) and seems to be using it as support for a continuation of wave 2 (brown). The wave 2 (brown) becomes invalidated if price[​IMG]

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