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EUR/USD, GBP/USD Waves Simply Explain Roller Coaster Moves

Discussion in 'Technical Analysis' started by Kaitlin, Jun 3, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The EUR/USD respected the 38.2% Fibonacci retracement level of wave 4 (purple) as expected. This bullish move is most likely one piece of a larger corrective zone, which has been marked as a WXY (green). A break below the bottom and 100% Fibonacci level would increase the likelihood that the[​IMG]

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