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EUR/USD Respects Support Fib 3 Consecutive Times

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 1, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD 4 hour The EUR/USD retested the 138.2% Fibonacci level for the 3rd time, but has so far been unable to break below the support. This makes the wave WXY (blue) still the most likely scenario. 1 hour The EUR/USD is moving sideways and is substantially slowing down as indicated by the purple trend lines. Both support and resistance trend lines are nearby and offer breakout levels. GBP/USD 4 hour The GBP/USD respected the support trend lines (green) and the 1.50 round level. Price made a

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