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EUR/USD Ready For Bullish Break In ABC Rally

Discussion in 'Technical Analysis' started by Kaitlin, Jun 8, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD showed indecision yesterday in its movement. However, the strong bullish price action from last week still preservers and makes a bullish ABC zigzag (orange) the most likely scenario. The EUR/USD retraced back to the 23.6% Fibonacci level of wave B (orange). A break below the channel could indicate[​IMG]

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