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EURUSD Triangle, GBPUSD Deep 78.6% Retrace

Discussion in 'Technical Analysis' started by Kaitlin, Apr 6, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The EUR/USD continued with building a contracting triangle (orange/green). Price also remains above support trend lines (greens) but has strong daily resistance nearby too (red). A bullish break could see price move towards those resistance levels around the psychological round level of 1.15.[​IMG]

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