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EURUSD, GBPUSD Build Trend Channels In Bullish Waves

Discussion in 'Technical Analysis' started by Kaitlin, Apr 27, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD has approached a resistance trend line (orange) which is a bounce or break spot. A bearish bounce would confirm the wave X (green) correction; whereas a bullish breakout would see the larger WXY (purple) develop towards resistance (red).[​IMG]

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