EUR/USD's Bullish Channel Versus GBP/USD's Bearish Channel

Discussion in 'Technical Analysis' started by Kaitlin, Dec 23, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The EUR/USD is in an uptrend channel (purple lines) and is climbing towards the targets of wave Y (brown). If price breaks below the channel, then there could be a larger correction of wave X (brown) which could take price down to the next support Fibonacci levels of wave X[​IMG]

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