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EURUSD, GBPUSD Break Of Support Lines Verify ABC Zigzags

Discussion in 'Technical Analysis' started by Kaitlin, May 16, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD broke below the support trend line (dotted green) and made a bearish breakout. The bullish corrections have been weak so far which makes a wave 4 (orange) likely unless price breaks above the 61.8% Fibonacci level of wave 4 vs 3.[​IMG]

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