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EURUSD & GBPUSD Decline Sharply After Bullish Rally

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

  1. Kaitlin

    Kaitlin Forum Member

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    Yesterday the EUR/USD saw a bullish rally (wave X green) that was unable to break above resistance (orange). For the moment a bearish zigzag (orange) seems possible. The invalidation level is the trend line and 100% Fibonacci level.[​IMG]

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