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EURUSD's Break Of Choppy Channel Appears At Critical Support

Discussion in 'Technical Analysis' started by Kaitlin, May 12, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD broke above the resistance trend lines (dotted red), which makes it likely that a swing high and swing low was completed at the trend line. This swing has been marked as a wave A (blue) and a bigger ABC correction is expected unless a) the bullish momentum is[​IMG]

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