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EURUSD, GBPUSD: Bearish Price Action Above Critical Support

Discussion in 'Technical Analysis' started by Kaitlin, May 5, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD completed the bullish wave C (blue) but the support trend lines (green) need to break before the waves Y of wave 4 (blue) can be considered completed. Until the trend lines break, the current bearish price action could still be a bearish retracement for an uptrend continuation.[​IMG]

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