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EURUSD Triangle Break & USDJPY Lower High

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD 4 hour The EUR/USD is approaching a resistance trend line (orange) which could be considered a break or bounce spot. A bullish break could see price head higher to the next Fibonacci targets and resistance (red). 1 hour The EUR/USD did not break the bottom of wave B (purple), bounced at support (green) and broke inner resistance (dotted yellow). A break below green would change the current wave count to a WXY correction. GBP/USD 4 hour The Bank of England has a major news event today

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