EURUSD and GBPUSD rapidly gain bullish energy

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    EUR/USD 4 hour The EUR/USD is building a smaller contracting triangle after showing a 400 pip bullish bounce. The bullish momentum could see price expand towards the waves Y. 1 hour The EUR/USD seems to be building an ABC bullish zigzag (green). Price respected the 38.2% Fibonacci level and is now at resistance. The lower Fibonacci levels at 50% to 78.6% remain potential support zones. A break above resistance could see the start of wave C (green). GBP/USD 4 hour The GBP/USD keeps pushing

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