XT_Mobile_970x250_XFR
  1. Hello Guest Would you like to receive a FREE $50 No Deposit Bonus ? Check this

EURUSD & GBPUSD Develop ABC Bullish Zigzag Patterns

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    EUR/USD 4 hour The EUR/USD displayed bullish momentum during yesterday’s trading day, which confirmed the development of an ABC rally (brown). 1 hour The EUR/USD broke above the resistance (dotted orange) and showed a bigger bullish impulse. This could have completed a wave 3 (purple) within wave C (brown). Major resistance is nearby at 1.1, which is resistance from a higher time frame and the 61.8% Fibonacci target. GBP/USD 4 hour The GBP/USD indeed displayed a bullish bounce at the 78.6%

    Continue reading...
     

Share This Page

Trade indices Online