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EURUSD And USDJPY In Remarkably Robust Trend Channels

Discussion in 'Technical Analysis' started by Kaitlin, Mar 25, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD is in pro-longed corrective bearish channel. A break below the 50%/61.8% Fibonacci increases the likelihood that price is not retracing but reversing. A break above resistance (red) increases the chance that the bearish price action is a retracement.[​IMG]

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