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EUR/USD, GBP/USD Retrace Back To 38.2% And 50% Fibonacci Levels

Discussion in 'Technical Analysis' started by Kaitlin, Sep 20, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The EUR/USD has retraced to the 50% Fibonacci retracement level of wave 4 (orange) vs 3. A break above the 78.6% Fib invalidates the wave 4 (orange). A break below support (green) could confirm the wave 5 (green) of wave A (orange).[​IMG]

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