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EURUSD's Mini Bullish Channel In Larger Contracting Triangle

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

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The EUR/USD is building a triangle chart pattern which are clearly marked by the orange resistance and green support trend lines. The EUR/USD retraced deeply and fell towards the 78.6% Fibonacci retracement level. A deep pullback is typical for a wave 1-2 scenario, which could be the wave structure for[​IMG]

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