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EURUSD, GBPUSD Respect 38.2% Fibonacci Level And Build Triangle

Discussion in 'Technical Analysis' started by Kaitlin, May 13, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The EUR/USD broke the internal resistance trend line (dotted orange) and made a move up to the 38.2% Fibonacci level of wave B (blue). Price is now challenging the long-term support trend line (green). A bearish break below support could the continuation of wave C (blue) or alternatively a wave[​IMG]

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