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EUR/USD Respects 50% Fibonacci Level of Wave B

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD 4 hour The EUR/USD is most likely in an ABC (purple) zigzag unless breaks below the horizontal support (lighter green). 1 hour The EUR/USD was indeed in the final 5th wave (green). Price has in the meantime pulled back to the 50% Fibonacci retracement level of the larger potential ABC zigzag (purple). GBP/USD 4 hour The GBP/USD corrected up to the 23.6% Fibonacci retracement level of wave 4 (blue), which could have already completed the correction. However, waves 4 are typically very

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