EUR/USD Tumbles Lower in Impulsive Wave 3

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    EUR/USD 4 hour Yesterday’s news events connected to the Euro sparked the start of the wave 3 (dark red). Price broke below the various support levels (green) in a very impulsive fashion, which resembles the typical price action of a wave 3 of wave 3 (green/dark red). 1 hour The wave 3 (dark red) has most likely not been completed and will see multiple continuations on lower time frames like the wave 3’s mentioned in the 1 hour chart. Whether wave 3 (green) has been completed remains to be seen

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