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EUR/USD's Bullish Bounce, GBP/USD's Tumble Lower

Discussion in 'Technical Analysis' started by Kaitlin, Jan 20, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The EUR/USD bounced as part of the wave X (blue) support and indeed seems to be expanding the WXY correction. The trend line (orange) at 1.10 is an important resistance spot. A break above that could see price continue its bullish price action towards the 100% Fibonacci levels and thereafter[​IMG]

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