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Forex Forecast: High Probability Of Key Trend Line Breaks

Discussion in 'Technical Analysis' started by Kaitlin, May 10, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD is entrapped between support trend lines (green) and resistance (red). A bullish breakout could indicate a completion of the ABC (blue), whereas a bearish breakout could indicate a continuation of the C wave (blue). For the moment a bearish ABC (blue) pattern seems the most price development but[​IMG]

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