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EURUSD & GBPUSD Develop ABC Bullish Zigzag Patterns

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

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    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.[​IMG]

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