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EUR/USD Hits Major 78.6% Fib After Breaking Consolidation Zone

Discussion in 'Technical Analysis' started by Kaitlin, Sep 9, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD has reached the 78.6% Fibonacci level of wave X (purple) and the resistance trend line (red). This zone will either cause a bearish turn or a bullish break. A bearish reversal confirms the development of a wave X (purple) within wave D (green). A bullish break indicates that[​IMG]

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