EURUSD Continues Bearish Momentum And Confirms 5 Wave Decline

Discussion in 'Technical Analysis' started by Kaitlin, May 6, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD broke another support trend line (dotted green) yesterday and the bearish decline is picking up speed. One more important line remains unbroken (solid green), which could mark the difference between a retracement (for more upside) or reversal (for more downside).[​IMG]

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  2. Eliza Abrams

    Eliza Abrams Well-Known Member Trader

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    The pair found some support at 1.1380, but I doubt that's the end of the move to the downside.
     

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