EURUSD Multiple Bounces In Triangle, GBPUSD Breaks Wedge

Discussion in 'Technical Analysis' started by Kaitlin, Feb 1, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The EUR/USD stayed again with the range of the narrow triangle formation by respecting the resistance trend line (orange) and falling back towards support (green). A break of support could see price fall back towards the Fibonacci levels of wave X (brown). A bounce at support could see price go[​IMG]

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